Shenzhen Fenda Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Fenda Technology has a total shareholder equity of CN¥2.3B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 46.1%. Its total assets and total liabilities are CN¥4.7B and CN¥2.4B respectively. Shenzhen Fenda Technology's EBIT is CN¥154.8M making its interest coverage ratio -27.3. It has cash and short-term investments of CN¥782.5M.
Key information
46.1%
Debt to equity ratio
CN¥1.07b
Debt
Interest coverage ratio | -27.3x |
Cash | CN¥782.51m |
Equity | CN¥2.31b |
Total liabilities | CN¥2.39b |
Total assets | CN¥4.70b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Shenzhen Fenda Technology (SZSE:002681) Is Using Debt Reasonably Well
Mar 28What Shenzhen Fenda Technology Co., Ltd.'s (SZSE:002681) 27% Share Price Gain Is Not Telling You
Mar 07Returns On Capital Signal Difficult Times Ahead For Shenzhen Fenda Technology (SZSE:002681)
Feb 29Financial Position Analysis
Short Term Liabilities: 002681's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002681's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥939.1M).
Debt to Equity History and Analysis
Debt Level: 002681's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 002681's debt to equity ratio has increased from 22.1% to 46.1% over the past 5 years.
Debt Coverage: 002681's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 002681 earns more interest than it pays, so coverage of interest payments is not a concern.