Ningbo Fujia Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Fujia Industrial has a total shareholder equity of CN¥1.6B and total debt of CN¥153.1M, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are CN¥2.7B and CN¥1.1B respectively. Ningbo Fujia Industrial's EBIT is CN¥257.5M making its interest coverage ratio -30.3. It has cash and short-term investments of CN¥712.7M.
Key information
9.8%
Debt to equity ratio
CN¥153.05m
Debt
Interest coverage ratio | -30.3x |
Cash | CN¥712.72m |
Equity | CN¥1.56b |
Total liabilities | CN¥1.14b |
Total assets | CN¥2.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603219's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603219's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥25.4M).
Debt to Equity History and Analysis
Debt Level: 603219 has more cash than its total debt.
Reducing Debt: 603219's debt to equity ratio has reduced from 55.3% to 9.8% over the past 5 years.
Debt Coverage: 603219's debt is well covered by operating cash flow (168.6%).
Interest Coverage: 603219 earns more interest than it pays, so coverage of interest payments is not a concern.