China Fortune Land Development Balance Sheet Health
Financial Health criteria checks 3/6
China Fortune Land Development has a total shareholder equity of CN¥21.9B and total debt of CN¥186.5B, which brings its debt-to-equity ratio to 853.4%. Its total assets and total liabilities are CN¥351.5B and CN¥329.6B respectively. China Fortune Land Development's EBIT is CN¥3.2B making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥6.5B.
Key information
853.4%
Debt to equity ratio
CN¥186.52b
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥6.48b |
Equity | CN¥21.85b |
Total liabilities | CN¥329.64b |
Total assets | CN¥351.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600340's short term assets (CN¥307.6B) exceed its short term liabilities (CN¥155.7B).
Long Term Liabilities: 600340's short term assets (CN¥307.6B) exceed its long term liabilities (CN¥174.0B).
Debt to Equity History and Analysis
Debt Level: 600340's net debt to equity ratio (823.8%) is considered high.
Reducing Debt: 600340's debt to equity ratio has increased from 252.9% to 853.4% 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.