Liaoning Fu-An Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Liaoning Fu-An Heavy IndustryLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥550.9M, which brings its debt-to-equity ratio to 35.7%. Its total assets and total liabilities are CN¥2.7B and CN¥1.2B respectively. Liaoning Fu-An Heavy IndustryLtd's EBIT is CN¥113.8M making its interest coverage ratio -4.3. It has cash and short-term investments of CN¥133.3M.
Key information
35.7%
Debt to equity ratio
CN¥550.86m
Debt
| Interest coverage ratio | -4.3x |
| Cash | CN¥133.34m |
| Equity | CN¥1.54b |
| Total liabilities | CN¥1.20b |
| Total assets | CN¥2.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603315's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 603315's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥66.0M).
Debt to Equity History and Analysis
Debt Level: 603315's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 603315's debt to equity ratio has increased from 21% to 35.7% over the past 5 years.
Debt Coverage: 603315's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 603315 earns more interest than it pays, so coverage of interest payments is not a concern.