Zhejiang FORE Intelligent TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang FORE Intelligent TechnologyLtd has a total shareholder equity of CN¥975.7M and total debt of CN¥16.8M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are CN¥1.3B and CN¥280.3M respectively.
Key information
1.7%
Debt to equity ratio
CN¥16.75m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥145.91m |
| Equity | CN¥975.73m |
| Total liabilities | CN¥280.27m |
| Total assets | CN¥1.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301368's short term assets (CN¥488.5M) exceed its short term liabilities (CN¥275.4M).
Long Term Liabilities: 301368's short term assets (CN¥488.5M) exceed its long term liabilities (CN¥4.9M).
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 37% to 1.7% over the past 5 years.
Debt Coverage: 301368's debt is well covered by operating cash flow (258.8%).
Interest Coverage: Insufficient data to determine if 301368's interest payments on its debt are well covered by EBIT.