Fortune Ng Fung Food (Hebei)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Fortune Ng Fung Food (Hebei)Ltd has a total shareholder equity of CN¥2.2B and total debt of CN¥80.0M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥2.6B and CN¥458.1M respectively. Fortune Ng Fung Food (Hebei)Ltd's EBIT is CN¥51.6M making its interest coverage ratio 40.5. It has cash and short-term investments of CN¥100.4M.
Key information
3.7%
Debt to equity ratio
CN¥79.97m
Debt
| Interest coverage ratio | 40.5x |
| Cash | CN¥100.45m |
| Equity | CN¥2.15b |
| Total liabilities | CN¥458.12m |
| Total assets | CN¥2.61b |
Recent financial health updates
No updates
Recent updates
Fortune Ng Fung Food (Hebei) Co.,Ltd's (SHSE:600965) 29% Share Price Surge Not Quite Adding Up
Dec 23
Fortune Ng Fung Food (Hebei) Co.,Ltd's (SHSE:600965) 36% Price Boost Is Out Of Tune With Revenues
Oct 15Fortune Ng Fung Food (Hebei)Ltd's (SHSE:600965) Problems Go Beyond Weak Profit
May 03Fortune Ng Fung Food (Hebei) Co.,Ltd's (SHSE:600965) Shareholders Might Be Looking For Exit
Feb 28Financial Position Analysis
Short Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥352.5M).
Long Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥105.6M).
Debt to Equity History and Analysis
Debt Level: 600965 has more cash than its total debt.
Reducing Debt: 600965's debt to equity ratio has reduced from 9.2% to 3.7% over the past 5 years.
Debt Coverage: 600965's debt is well covered by operating cash flow (96.2%).
Interest Coverage: 600965's interest payments on its debt are well covered by EBIT (40.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 22:31 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fortune Ng Fung Food (Hebei) Co.,Ltd is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiao Bao Liu | Everbright Securities Co. Ltd. |
| Qi He | Huatai Research |