Fujian Kuncai Material Technology Co., Ltd.

SHSE:603826 Stock Report

Market Cap: CN¥14.4b

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 ratio2.1x
CashCN¥55.06m
EquityCN¥1.92b
Total liabilitiesCN¥2.95b
Total assetsCN¥4.86b

Recent financial health updates

Recent updates

With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay For

Nov 24
With A 25% Price Drop For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) You'll Still Get What You Pay For

There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital

Oct 23
There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital

Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet

Sep 17
Fujian Kuncai Material Technology (SHSE:603826) Has A Somewhat Strained Balance Sheet

Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or Pricing

Jul 23
Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826) Stocks Pounded By 25% But Not Lagging Industry On Growth Or Pricing

Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return Trends

Jul 16
Fujian Kuncai Material Technology (SHSE:603826) Will Want To Turn Around Its Return Trends

Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt

Jun 07
Fujian Kuncai Material Technology (SHSE:603826) Takes On Some Risk With Its Use Of Debt

The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)

May 21
The Price Is Right For Fujian Kuncai Material Technology Co., Ltd. (SHSE:603826)

There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital

Apr 08
There Are Reasons To Feel Uneasy About Fujian Kuncai Material Technology's (SHSE:603826) Returns On Capital

Financial 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).


Balance Sheet


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