Fengxing Balance Sheet Health
Financial Health criteria checks 4/6
Fengxing has a total shareholder equity of CN¥904.9M and total debt of CN¥131.5M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are CN¥1.4B and CN¥491.6M respectively. Fengxing's EBIT is CN¥5.3M making its interest coverage ratio -8.7. It has cash and short-term investments of CN¥338.2M.
Key information
14.5%
Debt to equity ratio
CN¥131.50m
Debt
Interest coverage ratio | -8.7x |
Cash | CN¥338.17m |
Equity | CN¥904.87m |
Total liabilities | CN¥491.64m |
Total assets | CN¥1.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002760's short term assets (CN¥806.1M) exceed its short term liabilities (CN¥284.0M).
Long Term Liabilities: 002760's short term assets (CN¥806.1M) exceed its long term liabilities (CN¥207.6M).
Debt to Equity History and Analysis
Debt Level: 002760 has more cash than its total debt.
Reducing Debt: 002760's debt to equity ratio has increased from 2.8% to 14.5% over the past 5 years.
Debt Coverage: 002760's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 002760 earns more interest than it pays, so coverage of interest payments is not a concern.