Zhangjiagang Furui Special Equipment Balance Sheet Health
Financial Health criteria checks 6/6
Zhangjiagang Furui Special Equipment has a total shareholder equity of CN¥2.1B and total debt of CN¥321.4M, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are CN¥4.4B and CN¥2.4B respectively. Zhangjiagang Furui Special Equipment's EBIT is CN¥275.4M making its interest coverage ratio 15.6. It has cash and short-term investments of CN¥812.5M.
Key information
15.5%
Debt to equity ratio
CN¥321.41m
Debt
| Interest coverage ratio | 15.6x |
| Cash | CN¥812.52m |
| Equity | CN¥2.07b |
| Total liabilities | CN¥2.35b |
| Total assets | CN¥4.42b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 300228's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 300228's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥34.6M).
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 47.3% to 15.5% over the past 5 years.
Debt Coverage: 300228's debt is well covered by operating cash flow (37%).
Interest Coverage: 300228's interest payments on its debt are well covered by EBIT (15.6x coverage).