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¥499.0M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥2.7B and CN¥1.2B respectively. Liaoning Fu-An Heavy IndustryLtd's EBIT is CN¥80.7M making its interest coverage ratio 8. It has cash and short-term investments of CN¥133.3M.
Key information
32.3%
Debt to equity ratio
CN¥499.05m
Debt
Interest coverage ratio | 8x |
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
Some Liaoning Fu-An Heavy Industry Co.,Ltd (SHSE:603315) Shareholders Look For Exit As Shares Take 26% Pounding
Jun 06Liaoning Fu-An Heavy IndustryLtd (SHSE:603315) Will Be Hoping To Turn Its Returns On Capital Around
Jun 04Concerns Surrounding Liaoning Fu-An Heavy IndustryLtd's (SHSE:603315) Performance
May 02Subdued Growth No Barrier To Liaoning Fu-An Heavy Industry Co.,Ltd (SHSE:603315) With Shares Advancing 28%
Mar 07Liaoning Fu-An Heavy IndustryLtd (SHSE:603315) Is Experiencing Growth In Returns On Capital
Feb 28Financial 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 (23.7%) is considered satisfactory.
Reducing Debt: 603315's debt to equity ratio has increased from 21% to 32.3% over the past 5 years.
Debt Coverage: 603315's debt is not well covered by operating cash flow (4.3%).
Interest Coverage: 603315's interest payments on its debt are well covered by EBIT (8x coverage).