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¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.6B and CN¥377.3M respectively. Fortune Ng Fung Food (Hebei)Ltd's EBIT is CN¥127.3M making its interest coverage ratio -71.9. It has cash and short-term investments of CN¥165.6M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -71.9x |
| Cash | CN¥165.62m |
| Equity | CN¥2.19b |
| Total liabilities | CN¥377.30m |
| Total assets | CN¥2.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥263.0M).
Long Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥114.3M).
Debt to Equity History and Analysis
Debt Level: 600965 is debt free.
Reducing Debt: 600965 has no debt compared to 5 years ago when its debt to equity ratio was 8.5%.
Debt Coverage: 600965 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 600965 has no debt, therefore coverage of interest payments is not a concern.