Fujian Nanwang Environment Protection Scien-TechLtd Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Nanwang Environment Protection Scien-TechLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥339.6M, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CN¥2.4B and CN¥813.1M respectively. Fujian Nanwang Environment Protection Scien-TechLtd's EBIT is CN¥25.0M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥455.7M.
Key information
21.7%
Debt to equity ratio
CN¥339.62m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥455.71m |
| Equity | CN¥1.57b |
| Total liabilities | CN¥813.07m |
| Total assets | CN¥2.38b |
Financial Position Analysis
Short Term Liabilities: 301355's short term assets (CN¥972.5M) exceed its short term liabilities (CN¥673.6M).
Long Term Liabilities: 301355's short term assets (CN¥972.5M) exceed its long term liabilities (CN¥139.4M).
Debt to Equity History and Analysis
Debt Level: 301355 has more cash than its total debt.
Reducing Debt: 301355's debt to equity ratio has increased from 6.8% to 21.7% over the past 5 years.
Debt Coverage: 301355's debt is well covered by operating cash flow (26.3%).
Interest Coverage: 301355 earns more interest than it pays, so coverage of interest payments is not a concern.