Focus Technology Balance Sheet Health
Financial Health criteria checks 6/6
Focus Technology has a total shareholder equity of CN¥2.2B and total debt of CN¥20.4M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥3.8B and CN¥1.6B respectively. Focus Technology's EBIT is CN¥339.4M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥1.6B.
Key information
0.9%
Debt to equity ratio
CN¥20.43m
Debt
Interest coverage ratio | -4.8x |
Cash | CN¥1.59b |
Equity | CN¥2.24b |
Total liabilities | CN¥1.58b |
Total assets | CN¥3.82b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002315's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002315's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥165.7M).
Debt to Equity History and Analysis
Debt Level: 002315 has more cash than its total debt.
Reducing Debt: 002315's debt to equity ratio has reduced from 2.1% to 0.9% over the past 5 years.
Debt Coverage: 002315's debt is well covered by operating cash flow (3030.5%).
Interest Coverage: 002315 earns more interest than it pays, so coverage of interest payments is not a concern.