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¥401.6M, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are CN¥3.5B and CN¥861.4M respectively. Forest Packaging GroupLtd's EBIT is CN¥108.2M making its interest coverage ratio -9.6. It has cash and short-term investments of CN¥513.3M.
Key information
15.0%
Debt to equity ratio
CN¥402.82m
Debt
| Interest coverage ratio | -8.7x |
| Cash | CN¥493.04m |
| Equity | CN¥2.69b |
| Total liabilities | CN¥861.36m |
| Total assets | CN¥3.55b |
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¥414.9M).
Long Term Liabilities: 605500's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥446.4M).
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 39.9% to 14.9% over the past 5 years.
Debt Coverage: 605500's debt is well covered by operating cash flow (31.3%).
Interest Coverage: 605500 earns more interest than it pays, so coverage of interest payments is not a concern.