Fujian Longking Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Longking has a total shareholder equity of CN¥8.1B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 68.7%. Its total assets and total liabilities are CN¥25.1B and CN¥17.0B respectively. Fujian Longking's EBIT is CN¥1.0B making its interest coverage ratio 13.6. It has cash and short-term investments of CN¥2.6B.
Key information
68.7%
Debt to equity ratio
CN¥5.58b
Debt
Interest coverage ratio | 13.6x |
Cash | CN¥2.57b |
Equity | CN¥8.12b |
Total liabilities | CN¥16.97b |
Total assets | CN¥25.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600388's short term assets (CN¥14.5B) exceed its short term liabilities (CN¥12.4B).
Long Term Liabilities: 600388's short term assets (CN¥14.5B) exceed its long term liabilities (CN¥4.6B).
Debt to Equity History and Analysis
Debt Level: 600388's net debt to equity ratio (37.1%) is considered satisfactory.
Reducing Debt: 600388's debt to equity ratio has increased from 56.5% to 68.7% over the past 5 years.
Debt Coverage: 600388's debt is well covered by operating cash flow (34.7%).
Interest Coverage: 600388's interest payments on its debt are well covered by EBIT (13.6x coverage).