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¥2.5B and CN¥381.2M respectively. Fortune Ng Fung Food (Hebei)Ltd's EBIT is CN¥94.6M making its interest coverage ratio 80.7. It has cash and short-term investments of CN¥107.0M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | 80.7x |
| Cash | CN¥107.02m |
| Equity | CN¥2.16b |
| Total liabilities | CN¥381.19m |
| Total assets | CN¥2.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥278.3M).
Long Term Liabilities: 600965's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥102.9M).
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 6.4%.
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.