Ningbo Fuda Balance Sheet Health
Financial Health criteria checks 6/6
Ningbo Fuda has a total shareholder equity of CN¥3.2B and total debt of CN¥368.6M, which brings its debt-to-equity ratio to 11.6%. Its total assets and total liabilities are CN¥4.0B and CN¥789.4M respectively. Ningbo Fuda's EBIT is CN¥193.7M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥620.2M.
Key information
11.6%
Debt to equity ratio
CN¥368.55m
Debt
| Interest coverage ratio | -3.1x |
| Cash | CN¥620.24m |
| Equity | CN¥3.18b |
| Total liabilities | CN¥789.42m |
| Total assets | CN¥3.97b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600724's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥661.9M).
Long Term Liabilities: 600724's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥127.5M).
Debt to Equity History and Analysis
Debt Level: 600724 has more cash than its total debt.
Reducing Debt: 600724's debt to equity ratio has reduced from 66.4% to 11.6% over the past 5 years.
Debt Coverage: 600724's debt is well covered by operating cash flow (121%).
Interest Coverage: 600724 earns more interest than it pays, so coverage of interest payments is not a concern.