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
Financial 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).