Kingfa Sci. & Tech Balance Sheet Health
Financial Health criteria checks 2/6
Kingfa Sci. & Tech has a total shareholder equity of CN¥20.3B and total debt of CN¥26.8B, which brings its debt-to-equity ratio to 131.9%. Its total assets and total liabilities are CN¥61.9B and CN¥41.5B respectively. Kingfa Sci. & Tech's EBIT is CN¥1.5B making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥3.4B.
Key information
131.9%
Debt to equity ratio
CN¥26.80b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥3.37b |
| Equity | CN¥20.33b |
| Total liabilities | CN¥41.54b |
| Total assets | CN¥61.86b |
Recent financial health updates
Kingfa Sci. & Tech (SHSE:600143) Has No Shortage Of Debt
Aug 06
Kingfa Sci. & Tech (SHSE:600143) Seems To Be Using A Lot Of Debt
May 01Recent updates
Insufficient Growth At Kingfa Sci. & Tech. Co., Ltd. (SHSE:600143) Hampers Share Price
Sep 19Here's What's Concerning About Kingfa Sci. & Tech's (SHSE:600143) Returns On Capital
Aug 27Kingfa Sci. & Tech (SHSE:600143) Has No Shortage Of Debt
Aug 06Kingfa Sci. & Tech (SHSE:600143) Is Reinvesting At Lower Rates Of Return
May 28Investors Can Find Comfort In Kingfa Sci. & Tech's (SHSE:600143) Earnings Quality
May 06Kingfa Sci. & Tech. Co., Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
May 02Kingfa Sci. & Tech (SHSE:600143) Seems To Be Using A Lot Of Debt
May 01Cautious Investors Not Rewarding Kingfa Sci. & Tech. Co., Ltd.'s (SHSE:600143) Performance Completely
Apr 12Is It Too Late To Consider Buying Kingfa Sci. & Tech. Co., Ltd. (SHSE:600143)?
Mar 26Financial Position Analysis
Short Term Liabilities: 600143's short term assets (CN¥23.4B) exceed its short term liabilities (CN¥21.4B).
Long Term Liabilities: 600143's short term assets (CN¥23.4B) exceed its long term liabilities (CN¥20.1B).
Debt to Equity History and Analysis
Debt Level: 600143's net debt to equity ratio (115.3%) is considered high.
Reducing Debt: 600143's debt to equity ratio has increased from 126.1% to 131.9% over the past 5 years.
Debt Coverage: 600143's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 600143's interest payments on its debt are not well covered by EBIT (1.3x coverage).