Liaoning Fu-An Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Liaoning Fu-An Heavy IndustryLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥494.0M, which brings its debt-to-equity ratio to 31.3%. Its total assets and total liabilities are CN¥2.9B and CN¥1.3B respectively. Liaoning Fu-An Heavy IndustryLtd's EBIT is CN¥88.8M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥198.4M.
Key information
31.3%
Debt to equity ratio
CN¥494.02m
Debt
| Interest coverage ratio | -4.9x |
| Cash | CN¥198.44m |
| Equity | CN¥1.58b |
| Total liabilities | CN¥1.35b |
| Total assets | CN¥2.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603315's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603315's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥108.5M).
Debt to Equity History and Analysis
Debt Level: 603315's net debt to equity ratio (18.7%) is considered satisfactory.
Reducing Debt: 603315's debt to equity ratio has increased from 21.9% to 31.3% over the past 5 years.
Debt Coverage: 603315's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603315 earns more interest than it pays, so coverage of interest payments is not a concern.