FriendLtd Balance Sheet Health
Financial Health criteria checks 4/6
FriendLtd has a total shareholder equity of CN¥4.3B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 35%. Its total assets and total liabilities are CN¥8.5B and CN¥4.1B respectively. FriendLtd's EBIT is CN¥446.0M making its interest coverage ratio 427.7. It has cash and short-term investments of CN¥1.1B.
Key information
35.0%
Debt to equity ratio
CN¥1.52b
Debt
| Interest coverage ratio | 427.7x |
| Cash | CN¥1.12b |
| Equity | CN¥4.35b |
| Total liabilities | CN¥4.15b |
| Total assets | CN¥8.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605050's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 605050's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥30.4M).
Debt to Equity History and Analysis
Debt Level: 605050's net debt to equity ratio (9.3%) is considered satisfactory.
Reducing Debt: 605050's debt to equity ratio has increased from 15.4% to 35% over the past 5 years.
Debt Coverage: 605050's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605050's interest payments on its debt are well covered by EBIT (427.7x coverage).