Founder Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Founder Technology GroupLtd has a total shareholder equity of CN¥3.9B and total debt of CN¥296.8M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥5.7B and CN¥1.8B respectively. Founder Technology GroupLtd's EBIT is CN¥214.3M making its interest coverage ratio -41.2. It has cash and short-term investments of CN¥865.1M.
Key information
7.6%
Debt to equity ratio
CN¥296.78m
Debt
Interest coverage ratio | -41.2x |
Cash | CN¥865.13m |
Equity | CN¥3.92b |
Total liabilities | CN¥1.76b |
Total assets | CN¥5.68b |
Recent financial health updates
Recent updates
We Think Founder Technology GroupLtd (SHSE:600601) Can Stay On Top Of Its Debt
Apr 26Founder Technology GroupLtd (SHSE:600601) Is Posting Promising Earnings But The Good News Doesn’t Stop There
Apr 05Subdued Growth No Barrier To Founder Technology Group Co.,Ltd. (SHSE:600601) With Shares Advancing 32%
Mar 06Financial Position Analysis
Short Term Liabilities: 600601's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 600601's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥420.6M).
Debt to Equity History and Analysis
Debt Level: 600601 has more cash than its total debt.
Reducing Debt: 600601's debt to equity ratio has reduced from 95.8% to 7.6% over the past 5 years.
Debt Coverage: 600601's debt is well covered by operating cash flow (202.6%).
Interest Coverage: 600601 earns more interest than it pays, so coverage of interest payments is not a concern.