Kingfa Sci. & Tech Balance Sheet Health
Financial Health criteria checks 2/6
Kingfa Sci. & Tech has a total shareholder equity of CN¥18.1B and total debt of CN¥30.6B, which brings its debt-to-equity ratio to 169.2%. Its total assets and total liabilities are CN¥62.6B and CN¥44.5B respectively. Kingfa Sci. & Tech's EBIT is CN¥1.2B making its interest coverage ratio 1.1. It has cash and short-term investments of CN¥4.8B.
Key information
169.2%
Debt to equity ratio
CN¥30.63b
Debt
Interest coverage ratio | 1.1x |
Cash | CN¥4.84b |
Equity | CN¥18.10b |
Total liabilities | CN¥44.51b |
Total assets | CN¥62.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600143's short term assets (CN¥24.3B) exceed its short term liabilities (CN¥22.4B).
Long Term Liabilities: 600143's short term assets (CN¥24.3B) exceed its long term liabilities (CN¥22.1B).
Debt to Equity History and Analysis
Debt Level: 600143's net debt to equity ratio (142.5%) is considered high.
Reducing Debt: 600143's debt to equity ratio has increased from 85.1% to 169.2% over the past 5 years.
Debt Coverage: 600143's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 600143's interest payments on its debt are not well covered by EBIT (1.1x coverage).