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
Shanghai Fortune Techgroup Co., Ltd. (SZSE:300493) Surges 48% Yet Its Low P/S Is No Reason For Excitement
Dec 13Is 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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 14:46 |
| End of Day Share Price | 2025/01/03 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
Shanghai Fortune Techgroup Co., Ltd. is covered by 3 analysts. 1 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 |
|---|---|
| Lu Zhang | Huatai Research |
| Jian Pan | Tianfeng Securities Brokerage Co., Ltd |
| Haijin Chen | Topsperity Securities |