Fujian Snowman Group Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Snowman Group has a total shareholder equity of CN¥2.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CN¥4.5B and CN¥2.0B respectively. Fujian Snowman Group's EBIT is CN¥23.9M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥413.2M.
Key information
42.5%
Debt to equity ratio
CN¥1.05b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥413.19m |
| Equity | CN¥2.48b |
| Total liabilities | CN¥2.05b |
| Total assets | CN¥4.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002639's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 002639's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥97.0M).
Debt to Equity History and Analysis
Debt Level: 002639's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: 002639's debt to equity ratio has reduced from 43.3% to 42.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002639 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002639 has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 17.4% each year.