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¥1.4B, which brings its debt-to-equity ratio to 29.8%. Its total assets and total liabilities are CN¥7.6B and CN¥2.8B respectively. Shenyang Fortune Precision Equipment's EBIT is CN¥151.7M making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥1.7B.
Key information
29.8%
Debt to equity ratio
CN¥1.42b
Debt
Interest coverage ratio | -7.4x |
Cash | CN¥1.71b |
Equity | CN¥4.75b |
Total liabilities | CN¥2.84b |
Total assets | CN¥7.59b |
Recent financial health updates
Recent updates
Shenyang 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¥1.1B).
Long Term Liabilities: 688409's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.8B).
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 21.6% to 29.8% 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.