Forest Packaging GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Forest Packaging GroupLtd has a total shareholder equity of CN¥2.7B and total debt of CN¥486.3M, which brings its debt-to-equity ratio to 17.7%. Its total assets and total liabilities are CN¥3.6B and CN¥883.7M respectively. Forest Packaging GroupLtd's EBIT is CN¥108.9M making its interest coverage ratio -12.4. It has cash and short-term investments of CN¥407.7M.
Key information
17.7%
Debt to equity ratio
CN¥486.30m
Debt
| Interest coverage ratio | -12.4x |
| Cash | CN¥407.67m |
| Equity | CN¥2.74b |
| Total liabilities | CN¥883.75m |
| Total assets | CN¥3.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605500's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥355.4M).
Long Term Liabilities: 605500's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥528.3M).
Debt to Equity History and Analysis
Debt Level: 605500's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 605500's debt to equity ratio has reduced from 32.9% to 17.7% over the past 5 years.
Debt Coverage: 605500's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 605500 earns more interest than it pays, so coverage of interest payments is not a concern.