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¥358.6M, which brings its debt-to-equity ratio to 23.1%. Its total assets and total liabilities are CN¥2.3B and CN¥713.9M respectively. Fujian Nanwang Environment Protection Scien-TechLtd's EBIT is CN¥28.6M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥583.8M.
Key information
23.1%
Debt to equity ratio
CN¥358.62m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥583.80m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥713.89m |
| Total assets | CN¥2.27b |
Financial Position Analysis
Short Term Liabilities: 301355's short term assets (CN¥970.3M) exceed its short term liabilities (CN¥634.4M).
Long Term Liabilities: 301355's short term assets (CN¥970.3M) exceed its long term liabilities (CN¥79.5M).
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 8% to 23.1% over the past 5 years.
Debt Coverage: 301355's debt is well covered by operating cash flow (43.9%).
Interest Coverage: 301355 earns more interest than it pays, so coverage of interest payments is not a concern.