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¥255.0M, which brings its debt-to-equity ratio to 16.1%. Its total assets and total liabilities are CN¥3.0B and CN¥1.4B respectively. Ningbo Fujia Industrial's EBIT is CN¥215.0M making its interest coverage ratio -15.7. It has cash and short-term investments of CN¥565.1M.
Key information
16.1%
Debt to equity ratio
CN¥254.97m
Debt
| Interest coverage ratio | -15.7x |
| Cash | CN¥565.07m |
| Equity | CN¥1.58b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥2.96b |
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¥1.4B).
Long Term Liabilities: 603219's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥32.1M).
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 44.6% to 16.1% over the past 5 years.
Debt Coverage: 603219's debt is well covered by operating cash flow (144.9%).
Interest Coverage: 603219 earns more interest than it pays, so coverage of interest payments is not a concern.