FSPG Hi-Tech Balance Sheet Health
Financial Health criteria checks 6/6
FSPG Hi-Tech has a total shareholder equity of CN¥3.5B and total debt of CN¥626.0M, which brings its debt-to-equity ratio to 18.1%. Its total assets and total liabilities are CN¥4.6B and CN¥1.1B respectively. FSPG Hi-Tech's EBIT is CN¥141.0M making its interest coverage ratio 12.1. It has cash and short-term investments of CN¥1.0B.
Key information
18.1%
Debt to equity ratio
CN¥625.96m
Debt
Interest coverage ratio | 12.1x |
Cash | CN¥1.01b |
Equity | CN¥3.46b |
Total liabilities | CN¥1.11b |
Total assets | CN¥4.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000973's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥710.0M).
Long Term Liabilities: 000973's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥397.7M).
Debt to Equity History and Analysis
Debt Level: 000973 has more cash than its total debt.
Reducing Debt: 000973's debt to equity ratio has reduced from 45.7% to 18.1% over the past 5 years.
Debt Coverage: 000973's debt is well covered by operating cash flow (52.3%).
Interest Coverage: 000973's interest payments on its debt are well covered by EBIT (12.1x coverage).