Zhangjiagang Furui Special Equipment Balance Sheet Health
Financial Health criteria checks 5/6
Zhangjiagang Furui Special Equipment has a total shareholder equity of CN¥2.2B and total debt of CN¥255.6M, which brings its debt-to-equity ratio to 11.5%. Its total assets and total liabilities are CN¥4.3B and CN¥2.0B respectively. Zhangjiagang Furui Special Equipment's EBIT is CN¥360.9M making its interest coverage ratio 35.1. It has cash and short-term investments of CN¥659.4M.
Key information
11.5%
Debt to equity ratio
CN¥255.56m
Debt
| Interest coverage ratio | 35.1x |
| Cash | CN¥659.43m |
| Equity | CN¥2.22b |
| Total liabilities | CN¥2.03b |
| Total assets | CN¥4.25b |
Recent financial health updates
Is Zhangjiagang Furui Special Equipment (SZSE:300228) Using Too Much Debt?
Sep 30
These 4 Measures Indicate That Zhangjiagang Furui Special Equipment (SZSE:300228) Is Using Debt Reasonably Well
Feb 27Recent updates
Zhangjiagang Furui Special Equipment Co., Ltd. (SZSE:300228) Stock Rockets 41% But Many Are Still Ignoring The Company
Oct 08Is Zhangjiagang Furui Special Equipment (SZSE:300228) Using Too Much Debt?
Sep 30Zhangjiagang Furui Special Equipment (SZSE:300228) Is Looking To Continue Growing Its Returns On Capital
Jul 12Zhangjiagang Furui Special Equipment Co., Ltd.'s (SZSE:300228) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Mar 04These 4 Measures Indicate That Zhangjiagang Furui Special Equipment (SZSE:300228) Is Using Debt Reasonably Well
Feb 27Financial Position Analysis
Short Term Liabilities: 300228's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 300228's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥45.6M).
Debt to Equity History and Analysis
Debt Level: 300228 has more cash than its total debt.
Reducing Debt: 300228's debt to equity ratio has reduced from 47.2% to 11.5% over the past 5 years.
Debt Coverage: 300228's debt is not well covered by operating cash flow (16.5%).
Interest Coverage: 300228's interest payments on its debt are well covered by EBIT (35.1x coverage).