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¥996.1M, which brings its debt-to-equity ratio to 97.2%. Its total assets and total liabilities are CN¥4.2B and CN¥3.1B respectively. Funeng Oriental Equipment Technology's EBIT is CN¥31.9M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥139.9M.
Key information
97.2%
Debt to equity ratio
CN¥996.08m
Debt
| Interest coverage ratio | 6.7x |
| Cash | CN¥139.87m |
| Equity | CN¥1.02b |
| Total liabilities | CN¥3.14b |
| Total assets | CN¥4.17b |
Recent financial health updates
No updates
Recent updates
Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Shares Climb 54% But Its Business Is Yet to Catch Up
Nov 14
Subdued Growth No Barrier To Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Price
Sep 30There 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¥3.1B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 300173's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥355.5M).
Debt to Equity History and Analysis
Debt Level: 300173's net debt to equity ratio (83.6%) is considered high.
Reducing Debt: 300173's debt to equity ratio has increased from 37.9% to 97.2% 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 (6.7x coverage).