Fujian Torch Electron Technology Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Torch Electron Technology has a total shareholder equity of CN¥5.7B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are CN¥7.6B and CN¥1.9B respectively. Fujian Torch Electron Technology's EBIT is CN¥249.6M making its interest coverage ratio 9.4. It has cash and short-term investments of CN¥918.9M.
Key information
20.4%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | 9.4x |
| Cash | CN¥918.95m |
| Equity | CN¥5.75b |
| Total liabilities | CN¥1.87b |
| Total assets | CN¥7.61b |
Recent financial health updates
No updates
Recent updates
Fujian Torch Electron Technology's (SHSE:603678) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 04
Market Participants Recognise Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Earnings Pushing Shares 32% Higher
Oct 14Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Price In Tune With Earnings
Aug 09Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital Not Reflecting Well On The Business
Jul 23After Leaping 25% Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Are Not Flying Under The Radar
May 09Returns On Capital Signal Tricky Times Ahead For Fujian Torch Electron Technology (SHSE:603678)
Apr 17Fujian Torch Electron Technology's (SHSE:603678) Soft Earnings Don't Show The Whole Picture
Mar 25Further Upside For Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Could Introduce Price Risks After 27% Bounce
Mar 06Financial Position Analysis
Short Term Liabilities: 603678's short term assets (CN¥4.4B) exceed its short term liabilities (CN¥851.5M).
Long Term Liabilities: 603678's short term assets (CN¥4.4B) exceed its long term liabilities (CN¥1.0B).
Debt to Equity History and Analysis
Debt Level: 603678's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: 603678's debt to equity ratio has increased from 17.2% to 20.4% over the past 5 years.
Debt Coverage: 603678's debt is well covered by operating cash flow (87.9%).
Interest Coverage: 603678's interest payments on its debt are well covered by EBIT (9.4x coverage).