Fujian Snowman Group Balance Sheet Health
Financial Health criteria checks 4/6
Fujian Snowman Group has a total shareholder equity of CN¥2.5B and total debt of CN¥935.5M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥4.5B and CN¥2.0B respectively. Fujian Snowman Group's EBIT is CN¥23.5M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥311.6M.
Key information
37.6%
Debt to equity ratio
CN¥935.53m
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥311.56m |
| Equity | CN¥2.49b |
| Total liabilities | CN¥2.00b |
| Total assets | CN¥4.49b |
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¥1.8B).
Long Term Liabilities: 002639's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥162.9M).
Debt to Equity History and Analysis
Debt Level: 002639's net debt to equity ratio (25.1%) is considered satisfactory.
Reducing Debt: 002639's debt to equity ratio has reduced from 47.3% to 37.6% over the past 5 years.
Debt Coverage: 002639's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 002639's interest payments on its debt are not well covered by EBIT (0.7x coverage).