Fujian Longking Balance Sheet Health
Financial Health criteria checks 4/6
Fujian Longking has a total shareholder equity of CN¥8.3B and total debt of CN¥6.1B, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are CN¥26.7B and CN¥18.4B respectively. Fujian Longking's EBIT is CN¥927.6M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥2.6B.
Key information
73.7%
Debt to equity ratio
CN¥6.13b
Debt
Interest coverage ratio | 16.2x |
Cash | CN¥2.65b |
Equity | CN¥8.31b |
Total liabilities | CN¥18.41b |
Total assets | CN¥26.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600388's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥13.2B).
Long Term Liabilities: 600388's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥5.2B).
Debt to Equity History and Analysis
Debt Level: 600388's net debt to equity ratio (41.9%) is considered high.
Reducing Debt: 600388's debt to equity ratio has increased from 68.8% to 73.7% over the past 5 years.
Debt Coverage: 600388's debt is well covered by operating cash flow (37.4%).
Interest Coverage: 600388's interest payments on its debt are well covered by EBIT (16.2x coverage).