Foshan Blue Rocket ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Foshan Blue Rocket ElectronicsLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥79.4M, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are CN¥2.0B and CN¥404.2M respectively. Foshan Blue Rocket ElectronicsLtd's EBIT is CN¥35.2M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥857.8M.
Key information
5.1%
Debt to equity ratio
CN¥79.44m
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥857.85m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥404.21m |
| Total assets | CN¥1.96b |
Recent financial health updates
No updates
Recent updates
We Think You Can Look Beyond Foshan Blue Rocket ElectronicsLtd's (SZSE:301348) Lackluster Earnings
May 02
Foshan Blue Rocket Electronics Co.,Ltd. (SZSE:301348) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Apr 16Foshan Blue Rocket Electronics Co.,Ltd.'s (SZSE:301348) Share Price Not Quite Adding Up
Feb 28Financial Position Analysis
Short Term Liabilities: 301348's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥373.6M).
Long Term Liabilities: 301348's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥30.6M).
Debt to Equity History and Analysis
Debt Level: 301348 has more cash than its total debt.
Reducing Debt: 301348's debt to equity ratio has reduced from 12.3% to 5.1% over the past 5 years.
Debt Coverage: 301348's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 301348 earns more interest than it pays, so coverage of interest payments is not a concern.