Shenzhen Fortune Trend Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Fortune Trend Technology has a total shareholder equity of CN¥3.5B and total debt of CN¥70.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are CN¥3.7B and CN¥222.1M respectively. Shenzhen Fortune Trend Technology's EBIT is CN¥241.4M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥1.8B.
Key information
2.0%
Debt to equity ratio
CN¥70.00m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥1.85b |
| Equity | CN¥3.47b |
| Total liabilities | CN¥222.12m |
| Total assets | CN¥3.69b |
Recent financial health updates
Is Shenzhen Fortune Trend technology (SHSE:688318) A Risky Investment?
Dec 11
Is Shenzhen Fortune Trend technology (SHSE:688318) A Risky Investment?
Jun 27These 4 Measures Indicate That Shenzhen Fortune Trend technology (SHSE:688318) Is Using Debt Safely
Mar 25Recent updates
Is Shenzhen Fortune Trend technology (SHSE:688318) A Risky Investment?
Dec 11Earnings Tell The Story For Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) As Its Stock Soars 34%
Sep 26What Is Shenzhen Fortune Trend technology Co., Ltd.'s (SHSE:688318) Share Price Doing?
Sep 23We Think Shenzhen Fortune Trend technology's (SHSE:688318) Robust Earnings Are Conservative
Sep 04There Are Reasons To Feel Uneasy About Shenzhen Fortune Trend technology's (SHSE:688318) Returns On Capital
Aug 03Is Shenzhen Fortune Trend technology (SHSE:688318) A Risky Investment?
Jun 27Should You Think About Buying Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) Now?
May 29Subdued Growth No Barrier To Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) With Shares Advancing 26%
May 10These 4 Measures Indicate That Shenzhen Fortune Trend technology (SHSE:688318) Is Using Debt Safely
Mar 25Subdued Growth No Barrier To Shenzhen Fortune Trend technology Co., Ltd. (SHSE:688318) With Shares Advancing 30%
Mar 06Returns On Capital At Shenzhen Fortune Trend technology (SHSE:688318) Paint A Concerning Picture
Feb 28Financial Position Analysis
Short Term Liabilities: 688318's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥209.3M).
Long Term Liabilities: 688318's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥12.8M).
Debt to Equity History and Analysis
Debt Level: 688318 has more cash than its total debt.
Reducing Debt: 688318's debt to equity ratio has increased from 0% to 2% over the past 5 years.
Debt Coverage: 688318's debt is well covered by operating cash flow (270.7%).
Interest Coverage: 688318 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 | 2024/12/23 03:47 |
| End of Day Share Price | 2024/12/23 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
Shenzhen Fortune Trend Technology Co., Ltd. is covered by 2 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 |
|---|---|
| Han Pu | China International Capital Corporation Limited |
| Zeyu Yao | China International Capital Corporation Limited |