Fujian Longking Co., Ltd.

XSSC:600388 Stock Report

Market Cap: CN¥14.9b

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 ratio16.2x
CashCN¥2.65b
EquityCN¥8.31b
Total liabilitiesCN¥18.41b
Total assetsCN¥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).


Balance Sheet


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