Fujian Jinsen ForestryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Fujian Jinsen ForestryLtd has a total shareholder equity of CN¥726.7M and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 177.3%. Its total assets and total liabilities are CN¥2.1B and CN¥1.3B respectively. Fujian Jinsen ForestryLtd's EBIT is CN¥24.3M making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥235.2M.
Key information
177.3%
Debt to equity ratio
CN¥1.29b
Debt
Interest coverage ratio | 0.5x |
Cash | CN¥235.22m |
Equity | CN¥726.72m |
Total liabilities | CN¥1.35b |
Total assets | CN¥2.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002679's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥284.2M).
Long Term Liabilities: 002679's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002679's net debt to equity ratio (145%) is considered high.
Reducing Debt: 002679's debt to equity ratio has increased from 114.9% to 177.3% over the past 5 years.
Debt Coverage: 002679's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002679's interest payments on its debt are not well covered by EBIT (0.5x coverage).