Fujian Sunner Development Balance Sheet Health
Financial Health criteria checks 3/6
Fujian Sunner Development has a total shareholder equity of CN¥10.3B and total debt of CN¥6.7B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are CN¥21.9B and CN¥11.6B respectively. Fujian Sunner Development's EBIT is CN¥451.4M making its interest coverage ratio 6.2. It has cash and short-term investments of CN¥1.1B.
Key information
64.6%
Debt to equity ratio
CN¥6.68b
Debt
| Interest coverage ratio | 6.2x |
| Cash | CN¥1.15b |
| Equity | CN¥10.34b |
| Total liabilities | CN¥11.57b |
| Total assets | CN¥21.91b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002299's short term assets (CN¥6.4B) do not cover its short term liabilities (CN¥10.6B).
Long Term Liabilities: 002299's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥926.5M).
Debt to Equity History and Analysis
Debt Level: 002299's net debt to equity ratio (53.5%) is considered high.
Reducing Debt: 002299's debt to equity ratio has increased from 36.9% to 64.6% over the past 5 years.
Debt Coverage: 002299's debt is well covered by operating cash flow (46.1%).
Interest Coverage: 002299's interest payments on its debt are well covered by EBIT (6.2x coverage).