Shanghai Fortune Techgroup Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Fortune Techgroup has a total shareholder equity of CN¥1.1B and total debt of CN¥87.1M, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CN¥1.6B and CN¥535.7M respectively. Shanghai Fortune Techgroup's EBIT is CN¥51.5M making its interest coverage ratio -48.6. It has cash and short-term investments of CN¥231.1M.
Key information
8.1%
Debt to equity ratio
CN¥87.12m
Debt
Interest coverage ratio | -48.6x |
Cash | CN¥231.06m |
Equity | CN¥1.08b |
Total liabilities | CN¥535.72m |
Total assets | CN¥1.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300493's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥504.8M).
Long Term Liabilities: 300493's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥30.9M).
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 reduced from 58.1% to 8.1% over the past 5 years.
Debt Coverage: 300493's debt is well covered by operating cash flow (167.7%).
Interest Coverage: 300493 earns more interest than it pays, so coverage of interest payments is not a concern.