Forehope Electronic (Ningbo) Balance Sheet Health
Financial Health criteria checks 1/6
Forehope Electronic (Ningbo) has a total shareholder equity of CN¥4.0B and total debt of CN¥5.6B, which brings its debt-to-equity ratio to 138.8%. Its total assets and total liabilities are CN¥13.8B and CN¥9.8B respectively. Forehope Electronic (Ningbo)'s EBIT is CN¥145.3M making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥2.0B.
Key information
138.8%
Debt to equity ratio
CN¥5.57b
Debt
| Interest coverage ratio | 0.8x |
| Cash | CN¥2.01b |
| Equity | CN¥4.02b |
| Total liabilities | CN¥9.78b |
| Total assets | CN¥13.79b |
Recent financial health updates
Forehope Electronic (Ningbo) (SHSE:688362) Has A Somewhat Strained Balance Sheet
Dec 24
Is Forehope Electronic (Ningbo) (SHSE:688362) Using Too Much Debt?
May 27Recent updates
Forehope Electronic (Ningbo) (SHSE:688362) Is Experiencing Growth In Returns On Capital
Jan 18Forehope Electronic (Ningbo) Co., Ltd. (SHSE:688362) Held Back By Insufficient Growth Even After Shares Climb 29%
Dec 27Forehope Electronic (Ningbo) (SHSE:688362) Has A Somewhat Strained Balance Sheet
Dec 24Forehope Electronic (Ningbo) Co., Ltd. (SHSE:688362) Surges 47% Yet Its Low P/S Is No Reason For Excitement
Nov 11Forehope Electronic (Ningbo)'s (SHSE:688362) Attractive Earnings Are Not All Good News For Shareholders
Nov 04We Like These Underlying Return On Capital Trends At Forehope Electronic (Ningbo) (SHSE:688362)
Sep 24Forehope Electronic (Ningbo) Co., Ltd.'s (SHSE:688362) Share Price Is Matching Sentiment Around Its Revenues
Jul 01Is Forehope Electronic (Ningbo) (SHSE:688362) Using Too Much Debt?
May 27Forehope Electronic (Ningbo) Co., Ltd. (SHSE:688362) Held Back By Insufficient Growth Even After Shares Climb 28%
Mar 04Financial Position Analysis
Short Term Liabilities: 688362's short term assets (CN¥3.2B) do not cover its short term liabilities (CN¥3.5B).
Long Term Liabilities: 688362's short term assets (CN¥3.2B) do not cover its long term liabilities (CN¥6.2B).
Debt to Equity History and Analysis
Debt Level: 688362's net debt to equity ratio (88.7%) is considered high.
Reducing Debt: 688362's debt to equity ratio has increased from 117.9% to 138.8% over the past 5 years.
Debt Coverage: 688362's debt is well covered by operating cash flow (33.4%).
Interest Coverage: 688362's interest payments on its debt are not well covered by EBIT (0.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/19 23:04 |
| End of Day Share Price | 2025/01/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Forehope Electronic (Ningbo) Co., Ltd. is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Tao Xu | Citic Securities Co., Ltd. |
| Weimin Yu | Haitong International Research Limited |
| Wei Lv | Minsheng Securities Co. |