Fujian Yongan Forestry(Group)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Yongan Forestry(Group)Ltd has a total shareholder equity of CN¥1.1B and total debt of CN¥187.8M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CN¥1.5B and CN¥400.8M respectively. Fujian Yongan Forestry(Group)Ltd's EBIT is CN¥69.0M making its interest coverage ratio -12.1. It has cash and short-term investments of CN¥159.6M.
Key information
17.5%
Debt to equity ratio
CN¥187.84m
Debt
Interest coverage ratio | -12.1x |
Cash | CN¥159.58m |
Equity | CN¥1.08b |
Total liabilities | CN¥400.79m |
Total assets | CN¥1.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000663's short term assets (CN¥728.5M) exceed its short term liabilities (CN¥189.5M).
Long Term Liabilities: 000663's short term assets (CN¥728.5M) exceed its long term liabilities (CN¥211.3M).
Debt to Equity History and Analysis
Debt Level: 000663's net debt to equity ratio (2.6%) is considered satisfactory.
Reducing Debt: 000663's debt to equity ratio has reduced from 52.7% to 17.5% over the past 5 years.
Debt Coverage: 000663's debt is well covered by operating cash flow (130.7%).
Interest Coverage: 000663 earns more interest than it pays, so coverage of interest payments is not a concern.