Fujian Qingshan Paper Industry Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Qingshan Paper Industry has a total shareholder equity of CN¥4.2B and total debt of CN¥940.3M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are CN¥6.3B and CN¥2.0B respectively. Fujian Qingshan Paper Industry's EBIT is CN¥42.5M making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥2.3B.
Key information
22.2%
Debt to equity ratio
CN¥940.30m
Debt
| Interest coverage ratio | -9.4x |
| Cash | CN¥2.34b |
| Equity | CN¥4.24b |
| Total liabilities | CN¥2.01b |
| Total assets | CN¥6.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600103's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600103's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥122.3M).
Debt to Equity History and Analysis
Debt Level: 600103 has more cash than its total debt.
Reducing Debt: 600103's debt to equity ratio has increased from 14.8% to 22.2% over the past 5 years.
Debt Coverage: 600103's debt is well covered by operating cash flow (76.2%).
Interest Coverage: 600103 earns more interest than it pays, so coverage of interest payments is not a concern.