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?
Jun 27
These 4 Measures Indicate That Shenzhen Fortune Trend technology (SHSE:688318) Is Using Debt Safely
Mar 25Recent updates
Earnings 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.