Founder Technology GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Founder Technology GroupLtd has a total shareholder equity of CN¥4.0B and total debt of CN¥449.7M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥6.0B and CN¥2.0B respectively. Founder Technology GroupLtd's EBIT is CN¥197.1M making its interest coverage ratio -53.8. It has cash and short-term investments of CN¥961.8M.
Key information
11.3%
Debt to equity ratio
CN¥449.66m
Debt
| Interest coverage ratio | -53.8x |
| Cash | CN¥961.80m |
| Equity | CN¥4.00b |
| Total liabilities | CN¥1.98b |
| Total assets | CN¥5.97b |
Recent financial health updates
Founder Technology GroupLtd (SHSE:600601) Has A Pretty Healthy Balance Sheet
Aug 19
We Think Founder Technology GroupLtd (SHSE:600601) Can Stay On Top Of Its Debt
Apr 26Recent updates
Founder Technology GroupLtd (SHSE:600601) Has A Pretty Healthy Balance Sheet
Aug 19Founder Technology Group Co.,Ltd.'s (SHSE:600601) 49% Price Boost Is Out Of Tune With Revenues
Jul 12Founder Technology GroupLtd (SHSE:600601) Is Looking To Continue Growing Its Returns On Capital
Jun 10We 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¥1.5B).
Long Term Liabilities: 600601's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥482.0M).
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 82.4% to 11.3% over the past 5 years.
Debt Coverage: 600601's debt is well covered by operating cash flow (165.6%).
Interest Coverage: 600601 earns more interest than it pays, so coverage of interest payments is not a concern.