Hubei Forbon TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hubei Forbon TechnologyLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥312.9M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥1.9B and CN¥500.1M respectively. Hubei Forbon TechnologyLtd's EBIT is CN¥109.9M making its interest coverage ratio 11.1. It has cash and short-term investments of CN¥253.9M.
Key information
22.6%
Debt to equity ratio
CN¥312.88m
Debt
| Interest coverage ratio | 11.1x |
| Cash | CN¥253.89m |
| Equity | CN¥1.38b |
| Total liabilities | CN¥500.10m |
| Total assets | CN¥1.88b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300387's short term assets (CN¥794.5M) exceed its short term liabilities (CN¥242.9M).
Long Term Liabilities: 300387's short term assets (CN¥794.5M) exceed its long term liabilities (CN¥257.2M).
Debt to Equity History and Analysis
Debt Level: 300387's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: 300387's debt to equity ratio has increased from 4.4% to 22.6% over the past 5 years.
Debt Coverage: 300387's debt is well covered by operating cash flow (27%).
Interest Coverage: 300387's interest payments on its debt are well covered by EBIT (11.1x coverage).