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¥1.8B, which brings its debt-to-equity ratio to 95.5%. Its total assets and total liabilities are CN¥4.6B and CN¥2.6B respectively. Fujian Kuncai Material Technology's EBIT is CN¥143.2M making its interest coverage ratio 2.7. It has cash and short-term investments of CN¥115.5M.
Key information
95.5%
Debt to equity ratio
CN¥1.84b
Debt
| Interest coverage ratio | 2.7x |
| Cash | CN¥115.46m |
| Equity | CN¥1.92b |
| Total liabilities | CN¥2.63b |
| Total assets | CN¥4.55b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603826's short term assets (CN¥1.5B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603826's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥898.9M).
Debt to Equity History and Analysis
Debt Level: 603826's net debt to equity ratio (89.5%) is considered high.
Reducing Debt: 603826's debt to equity ratio has increased from 8.1% to 95.5% over the past 5 years.
Debt Coverage: 603826's debt is not well covered by operating cash flow (2%).
Interest Coverage: 603826's interest payments on its debt are not well covered by EBIT (2.7x coverage).