Shenyang Fortune Precision Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Shenyang Fortune Precision Equipment has a total shareholder equity of CN¥4.7B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥8.1B and CN¥3.3B respectively. Shenyang Fortune Precision Equipment's EBIT is CN¥254.0M making its interest coverage ratio 23.6. It has cash and short-term investments of CN¥1.3B.
Key information
37.2%
Debt to equity ratio
CN¥1.76b
Debt
| Interest coverage ratio | 23.6x |
| Cash | CN¥1.28b |
| Equity | CN¥4.74b |
| Total liabilities | CN¥3.33b |
| Total assets | CN¥8.07b |
Recent financial health updates
We Think Shenyang Fortune Precision Equipment (SHSE:688409) Can Stay On Top Of Its Debt
Sep 26
Shenyang Fortune Precision Equipment (SHSE:688409) Takes On Some Risk With Its Use Of Debt
Jun 02Recent updates
Here's Why We Think Shenyang Fortune Precision Equipment (SHSE:688409) Might Deserve Your Attention Today
Nov 24Solid Earnings May Not Tell The Whole Story For Shenyang Fortune Precision Equipment (SHSE:688409)
Nov 06The Return Trends At Shenyang Fortune Precision Equipment (SHSE:688409) Look Promising
Oct 23We Think Shenyang Fortune Precision Equipment (SHSE:688409) Can Stay On Top Of Its Debt
Sep 26Returns Are Gaining Momentum At Shenyang Fortune Precision Equipment (SHSE:688409)
Jul 25Shenyang Fortune Precision Equipment (SHSE:688409) Takes On Some Risk With Its Use Of Debt
Jun 02Weak Statutory Earnings May Not Tell The Whole Story For Shenyang Fortune Precision Equipment (SHSE:688409)
May 06Shenyang Fortune Precision Equipment (SHSE:688409) Is Doing The Right Things To Multiply Its Share Price
Apr 21Further Upside For Shenyang Fortune Precision Equipment Co., Ltd. (SHSE:688409) Shares Could Introduce Price Risks After 28% Bounce
Mar 04Financial Position Analysis
Short Term Liabilities: 688409's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688409's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 688409's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: 688409's debt to equity ratio has increased from 23.2% to 37.2% over the past 5 years.
Debt Coverage: 688409's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688409's interest payments on its debt are well covered by EBIT (23.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 07:24 |
| End of Day Share Price | 2024/12/24 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
Shenyang Fortune Precision Equipment Co., Ltd. is covered by 11 analysts. 5 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 |
|---|---|
| Jiongyi Hu | China International Capital Corporation Limited |
| Tao Xu | Citic Securities Co., Ltd. |
| Jia Ning Chen | Everbright Securities Co. Ltd. |