China Fortune Land Development Balance Sheet Health
Financial Health criteria checks 3/6
China Fortune Land Development has a total shareholder equity of CN¥20.3B and total debt of CN¥184.3B, which brings its debt-to-equity ratio to 909.6%. Its total assets and total liabilities are CN¥349.4B and CN¥329.2B respectively. China Fortune Land Development's EBIT is CN¥2.8B making its interest coverage ratio -0.7. It has cash and short-term investments of CN¥7.3B.
Key information
909.6%
Debt to equity ratio
CN¥184.26b
Debt
Interest coverage ratio | -0.7x |
Cash | CN¥7.27b |
Equity | CN¥20.26b |
Total liabilities | CN¥329.15b |
Total assets | CN¥349.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600340's short term assets (CN¥305.0B) exceed its short term liabilities (CN¥155.7B).
Long Term Liabilities: 600340's short term assets (CN¥305.0B) exceed its long term liabilities (CN¥173.4B).
Debt to Equity History and Analysis
Debt Level: 600340's net debt to equity ratio (873.7%) is considered high.
Reducing Debt: 600340's debt to equity ratio has increased from 285% to 909.6% over the past 5 years.
Debt Coverage: 600340's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600340 earns more interest than it pays, so coverage of interest payments is not a concern.