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¥121.3M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are CN¥3.8B and CN¥269.5M respectively. Shenzhen Fortune Trend technology's EBIT is CN¥292.4M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥2.0B.
Key information
3.5%
Debt to equity ratio
CN¥121.26m
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥1.99b |
| Equity | CN¥3.48b |
| Total liabilities | CN¥269.49m |
| Total assets | CN¥3.75b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Shenzhen Fortune Trend technology (SHSE:688318) Is Using Debt Safely
Mar 25
Subdued 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¥2.9B) exceed its short term liabilities (CN¥262.6M).
Long Term Liabilities: 688318's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥6.9M).
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 3.5% over the past 5 years.
Debt Coverage: 688318's debt is well covered by operating cash flow (174.1%).
Interest Coverage: 688318 earns more interest than it pays, so coverage of interest payments is not a concern.