Shenzhen FRD Science & Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen FRD Science & Technology has a total shareholder equity of CN¥3.8B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥7.1B and CN¥3.3B respectively. Shenzhen FRD Science & Technology's EBIT is CN¥271.1M making its interest coverage ratio 24.2. It has cash and short-term investments of CN¥1.0B.
Key information
31.0%
Debt to equity ratio
CN¥1.18b
Debt
| Interest coverage ratio | 24.2x |
| Cash | CN¥1.01b |
| Equity | CN¥3.81b |
| Total liabilities | CN¥3.30b |
| Total assets | CN¥7.11b |
Recent financial health updates
Recent updates
Returns On Capital At Shenzhen FRD Science & Technology (SZSE:300602) Paint A Concerning Picture
Mar 25
Investors Still Aren't Entirely Convinced By Shenzhen FRD Science & Technology Co., Ltd.'s (SZSE:300602) Revenues Despite 34% Price Jump
Mar 01These 4 Measures Indicate That Shenzhen FRD Science & Technology (SZSE:300602) Is Using Debt Extensively
Feb 27Financial Position Analysis
Short Term Liabilities: 300602's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 300602's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥790.0M).
Debt to Equity History and Analysis
Debt Level: 300602's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 300602's debt to equity ratio has increased from 4.1% to 31% over the past 5 years.
Debt Coverage: 300602's debt is well covered by operating cash flow (34.6%).
Interest Coverage: 300602's interest payments on its debt are well covered by EBIT (24.2x coverage).