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¥157.3M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥2.6B and CN¥954.9M respectively. Ningbo Fujia Industrial's EBIT is CN¥281.1M making its interest coverage ratio -17.6. It has cash and short-term investments of CN¥891.1M.
Key information
9.5%
Debt to equity ratio
CN¥157.34m
Debt
Interest coverage ratio | -17.6x |
Cash | CN¥891.06m |
Equity | CN¥1.65b |
Total liabilities | CN¥954.87m |
Total assets | CN¥2.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603219's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥921.8M).
Long Term Liabilities: 603219's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥33.1M).
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 52.7% to 9.5% over the past 5 years.
Debt Coverage: 603219's debt is well covered by operating cash flow (235.2%).
Interest Coverage: 603219 earns more interest than it pays, so coverage of interest payments is not a concern.