Fujian Yongfu Power EngineeringLtd Balance Sheet Health
Financial Health criteria checks 3/6
Fujian Yongfu Power EngineeringLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 70%. Its total assets and total liabilities are CN¥4.1B and CN¥2.7B respectively. Fujian Yongfu Power EngineeringLtd's EBIT is CN¥88.1M making its interest coverage ratio -6.7. It has cash and short-term investments of CN¥407.0M.
Key information
70.0%
Debt to equity ratio
CN¥1.00b
Debt
Interest coverage ratio | -6.7x |
Cash | CN¥407.05m |
Equity | CN¥1.44b |
Total liabilities | CN¥2.68b |
Total assets | CN¥4.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300712's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300712's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥462.2M).
Debt to Equity History and Analysis
Debt Level: 300712's net debt to equity ratio (41.7%) is considered high.
Reducing Debt: 300712's debt to equity ratio has increased from 8.4% to 70% over the past 5 years.
Debt Coverage: 300712's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300712 earns more interest than it pays, so coverage of interest payments is not a concern.