Funeng Oriental Equipment Technology Balance Sheet Health
Financial Health criteria checks 3/6
Funeng Oriental Equipment Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥926.5M, which brings its debt-to-equity ratio to 89.3%. Its total assets and total liabilities are CN¥4.3B and CN¥3.2B respectively. Funeng Oriental Equipment Technology's EBIT is CN¥54.0M making its interest coverage ratio 270.5. It has cash and short-term investments of CN¥259.7M.
Key information
89.3%
Debt to equity ratio
CN¥926.54m
Debt
| Interest coverage ratio | 270.5x |
| Cash | CN¥259.70m |
| Equity | CN¥1.04b |
| Total liabilities | CN¥3.22b |
| Total assets | CN¥4.25b |
Recent financial health updates
No updates
Recent updates
Subdued Growth No Barrier To Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Price
Sep 30
There Are Some Reasons To Suggest That Funeng Oriental Equipment Technology's (SZSE:300173) Earnings Are A Poor Reflection Of Profitability
May 03Why Investors Shouldn't Be Surprised By Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) 33% Share Price Surge
Mar 07Financial Position Analysis
Short Term Liabilities: 300173's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 300173's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥370.3M).
Debt to Equity History and Analysis
Debt Level: 300173's net debt to equity ratio (64.3%) is considered high.
Reducing Debt: 300173's debt to equity ratio has increased from 40.1% to 89.3% over the past 5 years.
Debt Coverage: 300173's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300173's interest payments on its debt are well covered by EBIT (270.5x coverage).