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¥354.0M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are CN¥3.4B and CN¥684.8M respectively. Forest Packaging GroupLtd's EBIT is CN¥94.0M making its interest coverage ratio -6.9. It has cash and short-term investments of CN¥464.0M.
Key information
13.1%
Debt to equity ratio
CN¥354.00m
Debt
Interest coverage ratio | -6.9x |
Cash | CN¥464.05m |
Equity | CN¥2.71b |
Total liabilities | CN¥684.80m |
Total assets | CN¥3.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605500's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥285.0M).
Long Term Liabilities: 605500's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥399.8M).
Debt to Equity History and Analysis
Debt Level: 605500 has more cash than its total debt.
Reducing Debt: 605500's debt to equity ratio has reduced from 47.5% to 13.1% over the past 5 years.
Debt Coverage: 605500's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 605500 earns more interest than it pays, so coverage of interest payments is not a concern.