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
Recent updates
Here's Why Funeng Oriental Equipment Technology (SZSE:300173) Has A Meaningful Debt Burden
Dec 05
Funeng Oriental Equipment Technology Co., Ltd.'s (SZSE:300173) Shares Climb 54% But Its Business Is Yet to Catch Up
Nov 14Subdued 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 17:28 |
| End of Day Share Price | 2024/12/25 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
Funeng Oriental Equipment Technology Co., Ltd. is covered by 4 analysts. 0 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 |
|---|---|
| Zhou Lu | Everbright Securities Co. Ltd. |
| Jianjian Li | Founder Securities Co., Ltd. |
| Hai Tao Zhu | Guosen Securities Co., Ltd. |