Ferrotec (An Hui) Technology DevelopmentLTD Balance Sheet Health
Financial Health criteria checks 6/6
Ferrotec (An Hui) Technology DevelopmentLTD has a total shareholder equity of CN¥1.5B and total debt of CN¥34.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥1.7B and CN¥273.9M respectively. Ferrotec (An Hui) Technology DevelopmentLTD's EBIT is CN¥85.7M making its interest coverage ratio -9.2. It has cash and short-term investments of CN¥559.4M.
Key information
2.3%
Debt to equity ratio
CN¥34.00m
Debt
| Interest coverage ratio | -9.2x |
| Cash | CN¥559.35m |
| Equity | CN¥1.46b |
| Total liabilities | CN¥273.89m |
| Total assets | CN¥1.74b |
Recent financial health updates
No updates
Recent updates
Ferrotec (An Hui) Technology DevelopmentLTD's (SZSE:301297) Solid Earnings May Rest On Weak Foundations
Sep 02
Capital Allocation Trends At Ferrotec (An Hui) Technology DevelopmentLTD (SZSE:301297) Aren't Ideal
Jun 03Ferrotec (An Hui) Technology Development Co.,LTD's (SZSE:301297) Shares Climb 25% But Its Business Is Yet to Catch Up
Mar 04There Are Reasons To Feel Uneasy About Ferrotec (An Hui) Technology DevelopmentLTD's (SZSE:301297) Returns On Capital
Feb 26Financial Position Analysis
Short Term Liabilities: 301297's short term assets (CN¥938.1M) exceed its short term liabilities (CN¥196.7M).
Long Term Liabilities: 301297's short term assets (CN¥938.1M) exceed its long term liabilities (CN¥77.2M).
Debt to Equity History and Analysis
Debt Level: 301297 has more cash than its total debt.
Reducing Debt: 301297's debt to equity ratio has reduced from 24.8% to 2.3% over the past 5 years.
Debt Coverage: 301297's debt is well covered by operating cash flow (440.6%).
Interest Coverage: 301297 earns more interest than it pays, so coverage of interest payments is not a concern.