Fujian Kuncai Material Technology Balance Sheet Health
Financial Health criteria checks 1/6
Fujian Kuncai Material Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 99.8%. Its total assets and total liabilities are CN¥4.9B and CN¥2.9B respectively. Fujian Kuncai Material Technology's EBIT is CN¥141.8M making its interest coverage ratio 2.1. It has cash and short-term investments of CN¥55.1M.
Key information
99.8%
Debt to equity ratio
CN¥1.91b
Debt
Interest coverage ratio | 2.1x |
Cash | CN¥55.06m |
Equity | CN¥1.92b |
Total liabilities | CN¥2.95b |
Total assets | CN¥4.86b |
Recent financial health updates
Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet
Sep 17Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt
Jun 07Recent updates
With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay For
Nov 24There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital
Oct 23Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet
Sep 17Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or Pricing
Jul 23Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return Trends
Jul 16Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt
Jun 07The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)
May 21There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital
Apr 08Financial Position Analysis
Short Term Liabilities: 603826's short term assets (CN¥1.7B) do not cover its short term liabilities (CN¥2.1B).
Long Term Liabilities: 603826's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥866.0M).
Debt to Equity History and Analysis
Debt Level: 603826's net debt to equity ratio (97%) is considered high.
Reducing Debt: 603826's debt to equity ratio has increased from 11.3% to 99.8% over the past 5 years.
Debt Coverage: 603826's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603826's interest payments on its debt are not well covered by EBIT (2.1x coverage).