Changshu Fengfan Power Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Changshu Fengfan Power Equipment has a total shareholder equity of CN¥3.1B and total debt of CN¥2.7B, which brings its debt-to-equity ratio to 86%. Its total assets and total liabilities are CN¥8.2B and CN¥5.0B respectively. Changshu Fengfan Power Equipment's EBIT is CN¥199.9M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥1.6B.
Key information
86.0%
Debt to equity ratio
CN¥2.69b
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥1.63b |
| Equity | CN¥3.13b |
| Total liabilities | CN¥5.03b |
| Total assets | CN¥8.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601700's short term assets (CN¥5.5B) exceed its short term liabilities (CN¥4.6B).
Long Term Liabilities: 601700's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥413.3M).
Debt to Equity History and Analysis
Debt Level: 601700's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: 601700's debt to equity ratio has increased from 46% to 86% over the past 5 years.
Debt Coverage: 601700's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601700's interest payments on its debt are well covered by EBIT (3.2x coverage).