Shenyang Fortune Precision Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Shenyang Fortune Precision Equipment has a total shareholder equity of CN¥4.8B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are CN¥7.6B and CN¥2.8B respectively. Shenyang Fortune Precision Equipment's EBIT is CN¥158.9M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥2.1B.
Key information
26.4%
Debt to equity ratio
CN¥1.26b
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥2.08b |
| Equity | CN¥4.76b |
| Total liabilities | CN¥2.83b |
| Total assets | CN¥7.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688409's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688409's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 688409 has more cash than its total debt.
Reducing Debt: 688409's debt to equity ratio has increased from 20.8% to 26.4% over the past 5 years.
Debt Coverage: 688409's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688409 earns more interest than it pays, so coverage of interest payments is not a concern.