Hubei Fuxing Science and TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hubei Fuxing Science and TechnologyLtd has a total shareholder equity of CN¥12.4B and total debt of CN¥8.1B, which brings its debt-to-equity ratio to 65.6%. Its total assets and total liabilities are CN¥36.9B and CN¥24.6B respectively. Hubei Fuxing Science and TechnologyLtd's EBIT is CN¥1.1B making its interest coverage ratio 11.8. It has cash and short-term investments of CN¥2.0B.
Key information
65.6%
Debt to equity ratio
CN¥8.12b
Debt
Interest coverage ratio | 11.8x |
Cash | CN¥2.01b |
Equity | CN¥12.37b |
Total liabilities | CN¥24.57b |
Total assets | CN¥36.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000926's short term assets (CN¥28.6B) exceed its short term liabilities (CN¥18.0B).
Long Term Liabilities: 000926's short term assets (CN¥28.6B) exceed its long term liabilities (CN¥6.6B).
Debt to Equity History and Analysis
Debt Level: 000926's net debt to equity ratio (49.4%) is considered high.
Reducing Debt: 000926's debt to equity ratio has reduced from 182.6% to 65.6% over the past 5 years.
Debt Coverage: 000926's debt is not well covered by operating cash flow (19.5%).
Interest Coverage: 000926's interest payments on its debt are well covered by EBIT (11.8x coverage).