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
Recent updates
Forehope Electronic (Ningbo) Co., Ltd. (SHSE:688362) Surges 47% Yet Its Low P/S Is No Reason For Excitement
Nov 11
Forehope 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 | 2024/12/20 15:47 |
| End of Day Share Price | 2024/12/20 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
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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. 2 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. |
| Wei Lv | Minsheng Securities Co. |
| Jing Fang | Minsheng Securities Co. |