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¥3.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.7B and CN¥204.5M respectively. Ferrotec (An Hui) Technology DevelopmentLTD's EBIT is CN¥81.7M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥606.2M.
Key information
0.2%
Debt to equity ratio
CN¥2.98m
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥606.18m |
| Equity | CN¥1.45b |
| Total liabilities | CN¥204.54m |
| Total assets | CN¥1.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301297's short term assets (CN¥880.1M) exceed its short term liabilities (CN¥156.2M).
Long Term Liabilities: 301297's short term assets (CN¥880.1M) exceed its long term liabilities (CN¥48.3M).
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 10.6% to 0.2% over the past 5 years.
Debt Coverage: 301297's debt is well covered by operating cash flow (5342.6%).
Interest Coverage: 301297 earns more interest than it pays, so coverage of interest payments is not a concern.