Ningbo Fuda Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Fuda has a total shareholder equity of CN¥3.4B and total debt of CN¥400.0M, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are CN¥4.2B and CN¥799.7M respectively. Ningbo Fuda's EBIT is CN¥213.3M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥1.7B.
Key information
11.8%
Debt to equity ratio
CN¥399.97m
Debt
Interest coverage ratio | -4.1x |
Cash | CN¥1.66b |
Equity | CN¥3.39b |
Total liabilities | CN¥799.71m |
Total assets | CN¥4.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600724's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥689.6M).
Long Term Liabilities: 600724's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥110.1M).
Debt to Equity History and Analysis
Debt Level: 600724 has more cash than its total debt.
Reducing Debt: 600724's debt to equity ratio has reduced from 92.1% to 11.8% over the past 5 years.
Debt Coverage: 600724's debt is well covered by operating cash flow (125.2%).
Interest Coverage: 600724 earns more interest than it pays, so coverage of interest payments is not a concern.