FULONGMA GROUPLtd Balance Sheet Health
Financial Health criteria checks 5/6
FULONGMA GROUPLtd has a total shareholder equity of CN¥3.7B and total debt of CN¥832.6M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are CN¥6.7B and CN¥3.0B respectively. FULONGMA GROUPLtd's EBIT is CN¥301.6M making its interest coverage ratio 161.8. It has cash and short-term investments of CN¥762.4M.
Key information
22.5%
Debt to equity ratio
CN¥832.60m
Debt
| Interest coverage ratio | 161.8x |
| Cash | CN¥762.38m |
| Equity | CN¥3.70b |
| Total liabilities | CN¥3.02b |
| Total assets | CN¥6.72b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603686's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 603686's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥555.7M).
Debt to Equity History and Analysis
Debt Level: 603686's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 603686's debt to equity ratio has increased from 9.1% to 22.5% over the past 5 years.
Debt Coverage: 603686's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 603686's interest payments on its debt are well covered by EBIT (161.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 09:40 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
FULONGMA GROUP Co.,Ltd. is covered by 12 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jun Liu | Changjiang Securities Co. LTD. |
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Lingxin Kong | China International Capital Corporation Limited |