Fujian Zhangzhou DevelopmentLTD Balance Sheet Health
Financial Health criteria checks 1/6
Fujian Zhangzhou DevelopmentLTD has a total shareholder equity of CN¥3.0B and total debt of CN¥4.1B, which brings its debt-to-equity ratio to 136.9%. Its total assets and total liabilities are CN¥10.1B and CN¥7.0B respectively. Fujian Zhangzhou DevelopmentLTD's EBIT is CN¥8.8M making its interest coverage ratio -0. It has cash and short-term investments of CN¥335.1M.
Key information
136.9%
Debt to equity ratio
CN¥4.14b
Debt
| Interest coverage ratio | -0.05x |
| Cash | CN¥335.06m |
| Equity | CN¥3.03b |
| Total liabilities | CN¥7.03b |
| Total assets | CN¥10.05b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000753's short term assets (CN¥2.7B) do not cover its short term liabilities (CN¥4.1B).
Long Term Liabilities: 000753's short term assets (CN¥2.7B) do not cover its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 000753's net debt to equity ratio (125.8%) is considered high.
Reducing Debt: 000753's debt to equity ratio has increased from 41.3% to 136.9% over the past 5 years.
Debt Coverage: 000753's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000753 earns more interest than it pays, so coverage of interest payments is not a concern.