Foshan Electrical and LightingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Foshan Electrical and LightingLtd has a total shareholder equity of CN¥9.9B and total debt of CN¥789.6M, which brings its debt-to-equity ratio to 8%. Its total assets and total liabilities are CN¥16.7B and CN¥6.9B respectively. Foshan Electrical and LightingLtd's EBIT is CN¥252.7M making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥3.0B.
Key information
8.0%
Debt to equity ratio
CN¥789.57m
Debt
Interest coverage ratio | -5.3x |
Cash | CN¥2.96b |
Equity | CN¥9.88b |
Total liabilities | CN¥6.87b |
Total assets | CN¥16.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000541's short term assets (CN¥8.7B) exceed its short term liabilities (CN¥6.3B).
Long Term Liabilities: 000541's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥568.4M).
Debt to Equity History and Analysis
Debt Level: 000541 has more cash than its total debt.
Reducing Debt: 000541's debt to equity ratio has increased from 0% to 8% over the past 5 years.
Debt Coverage: 000541's debt is well covered by operating cash flow (149.1%).
Interest Coverage: 000541 earns more interest than it pays, so coverage of interest payments is not a concern.