Funeng Oriental Equipment Technology Balance Sheet Health
Financial Health criteria checks 4/6
Funeng Oriental Equipment Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥616.7M, which brings its debt-to-equity ratio to 58%. Its total assets and total liabilities are CN¥4.2B and CN¥3.2B respectively. Funeng Oriental Equipment Technology's EBIT is CN¥93.5M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥299.7M.
Key information
58.0%
Debt to equity ratio
CN¥616.75m
Debt
Interest coverage ratio | -18.9x |
Cash | CN¥299.75m |
Equity | CN¥1.06b |
Total liabilities | CN¥3.19b |
Total assets | CN¥4.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300173's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 300173's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥261.9M).
Debt to Equity History and Analysis
Debt Level: 300173's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: 300173's debt to equity ratio has increased from 40.1% to 58% over the past 5 years.
Debt Coverage: 300173's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300173 earns more interest than it pays, so coverage of interest payments is not a concern.