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¥133.3M, which brings its debt-to-equity ratio to 12.4%. Its total assets and total liabilities are CN¥1.7B and CN¥617.8M respectively. Shanghai Fortune Techgroup's EBIT is CN¥50.5M making its interest coverage ratio -227.7. It has cash and short-term investments of CN¥310.2M.
Key information
12.4%
Debt to equity ratio
CN¥133.30m
Debt
Interest coverage ratio | -227.7x |
Cash | CN¥310.16m |
Equity | CN¥1.08b |
Total liabilities | CN¥617.81m |
Total assets | CN¥1.70b |
Recent financial health updates
Recent updates
These 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¥1.4B) exceed its short term liabilities (CN¥591.0M).
Long Term Liabilities: 300493's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥26.8M).
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 27% to 12.4% over the past 5 years.
Debt Coverage: 300493's debt is well covered by operating cash flow (123.7%).
Interest Coverage: 300493 earns more interest than it pays, so coverage of interest payments is not a concern.