Shanghai Fortune Techgroup Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Fortune Techgroup has a total shareholder equity of CN¥1.1B and total debt of CN¥150.3M, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are CN¥1.9B and CN¥778.1M respectively. Shanghai Fortune Techgroup's EBIT is CN¥38.5M making its interest coverage ratio -44.7. It has cash and short-term investments of CN¥272.6M.
Key information
13.9%
Debt to equity ratio
CN¥150.29m
Debt
| Interest coverage ratio | -44.7x |
| Cash | CN¥272.56m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥778.06m |
| Total assets | CN¥1.86b |
Recent financial health updates
Is Shanghai Fortune Techgroup (SZSE:300493) Using Too Much Debt?
Nov 21
These 4 Measures Indicate That Shanghai Fortune Techgroup (SZSE:300493) Is Using Debt Extensively
Jul 05Recent updates
Is Shanghai Fortune Techgroup (SZSE:300493) Using Too Much Debt?
Nov 21Shanghai Fortune Techgroup's (SZSE:300493) Profits Appear To Have Quality Issues
Nov 04Shanghai Fortune Techgroup Co., Ltd.'s (SZSE:300493) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Oct 01Shanghai Fortune Techgroup Co., Ltd.'s (SZSE:300493) Shares Bounce 26% But Its Business Still Trails The Industry
Aug 16These 4 Measures Indicate That Shanghai Fortune Techgroup (SZSE:300493) Is Using Debt Extensively
Jul 05Shanghai Fortune Techgroup Co., Ltd. (SZSE:300493) Stock Catapults 26% Though Its Price And Business Still Lag The Industry
May 21Investors Can Find Comfort In Shanghai Fortune Techgroup's (SZSE:300493) Earnings Quality
May 05Shanghai Fortune Techgroup's (SZSE:300493) Returns On Capital Not Reflecting Well On The Business
Apr 23Shanghai Fortune Techgroup Co., Ltd. (SZSE:300493) Surges 25% Yet Its Low P/S Is No Reason For Excitement
Mar 04Financial Position Analysis
Short Term Liabilities: 300493's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥752.2M).
Long Term Liabilities: 300493's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥25.9M).
Debt to Equity History and Analysis
Debt Level: 300493 has more cash than its total debt.
Reducing Debt: 300493's debt to equity ratio has increased from 5.2% to 13.9% over the past 5 years.
Debt Coverage: 300493's debt is well covered by operating cash flow (46.8%).
Interest Coverage: 300493 earns more interest than it pays, so coverage of interest payments is not a concern.