Zhejiang FORE Intelligent TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang FORE Intelligent TechnologyLtd has a total shareholder equity of CN¥974.7M and total debt of CN¥4.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥1.2B and CN¥231.0M respectively. Zhejiang FORE Intelligent TechnologyLtd's EBIT is CN¥5.0M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥299.2M.
Key information
0.5%
Debt to equity ratio
CN¥4.39m
Debt
Interest coverage ratio | -0.5x |
Cash | CN¥299.24m |
Equity | CN¥974.72m |
Total liabilities | CN¥230.95m |
Total assets | CN¥1.21b |
Recent financial health updates
No updates
Recent updates
Zhejiang FORE Intelligent TechnologyLtd's (SZSE:301368) Problems Go Beyond Weak Profit
Apr 29Zhejiang FORE Intelligent TechnologyLtd (SZSE:301368) Will Be Hoping To Turn Its Returns On Capital Around
Mar 25Zhejiang FORE Intelligent Technology Co.,Ltd's (SZSE:301368) 45% Share Price Surge Not Quite Adding Up
Feb 27Financial Position Analysis
Short Term Liabilities: 301368's short term assets (CN¥583.2M) exceed its short term liabilities (CN¥225.7M).
Long Term Liabilities: 301368's short term assets (CN¥583.2M) exceed its long term liabilities (CN¥5.2M).
Debt to Equity History and Analysis
Debt Level: 301368 has more cash than its total debt.
Reducing Debt: 301368's debt to equity ratio has reduced from 40.5% to 0.5% over the past 5 years.
Debt Coverage: 301368's debt is well covered by operating cash flow (1035.3%).
Interest Coverage: 301368 earns more interest than it pays, so coverage of interest payments is not a concern.