Forehope Electronic (Ningbo) Balance Sheet Health
Financial Health criteria checks 2/6
Forehope Electronic (Ningbo) has a total shareholder equity of CN¥3.9B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 131.1%. Its total assets and total liabilities are CN¥13.1B and CN¥9.2B respectively.
Key information
131.1%
Debt to equity ratio
CN¥5.14b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.05b |
| Equity | CN¥3.92b |
| Total liabilities | CN¥9.21b |
| Total assets | CN¥13.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688362's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥3.0B).
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 (78.8%) is considered high.
Reducing Debt: 688362's debt to equity ratio has increased from 104.8% to 131.1% over the past 5 years.
Debt Coverage: 688362's debt is well covered by operating cash flow (24.8%).
Interest Coverage: Insufficient data to determine if 688362's interest payments on its debt are well covered by EBIT.