Fujian Tianma Science and Technology Group Balance Sheet Health
Financial Health criteria checks 1/6
Fujian Tianma Science and Technology Group has a total shareholder equity of CN¥2.7B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 114.8%. Its total assets and total liabilities are CN¥8.8B and CN¥6.1B respectively. Fujian Tianma Science and Technology Group's EBIT is CN¥99.6M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥398.1M.
Key information
114.8%
Debt to equity ratio
CN¥3.09b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥398.10m |
| Equity | CN¥2.69b |
| Total liabilities | CN¥6.08b |
| Total assets | CN¥8.78b |
Recent financial health updates
Is Fujian Tianma Science and Technology Group (SHSE:603668) Using Too Much Debt?
Aug 23
Here's Why Fujian Tianma Science and Technology Group (SHSE:603668) Is Weighed Down By Its Debt Load
May 23Recent updates
Is Fujian Tianma Science and Technology Group (SHSE:603668) Using Too Much Debt?
Aug 23A Piece Of The Puzzle Missing From Fujian Tianma Science and Technology Group Co., Ltd's (SHSE:603668) Share Price
Jun 20Here's Why Fujian Tianma Science and Technology Group (SHSE:603668) Is Weighed Down By Its Debt Load
May 23Financial Position Analysis
Short Term Liabilities: 603668's short term assets (CN¥4.1B) do not cover its short term liabilities (CN¥4.7B).
Long Term Liabilities: 603668's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 603668's net debt to equity ratio (100%) is considered high.
Reducing Debt: 603668's debt to equity ratio has increased from 34.7% to 114.8% over the past 5 years.
Debt Coverage: 603668's debt is not well covered by operating cash flow (2%).
Interest Coverage: 603668's interest payments on its debt are not well covered by EBIT (0.6x coverage).