Fujian Torch Electron Technology Co., Ltd.

SHSE:603678 Stock Report

Market Cap: CN¥13.2b

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 ratio9.4x
CashCN¥918.95m
EquityCN¥5.75b
Total liabilitiesCN¥1.87b
Total assetsCN¥7.61b

Recent financial health updates

No updates

Recent updates

Some Investors May Be Worried About Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital

Nov 29
Some Investors May Be Worried About Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital

Fujian Torch Electron Technology's (SHSE:603678) Weak Earnings May Only Reveal A Part Of The Whole Picture

Nov 04
Fujian Torch Electron Technology's (SHSE:603678) Weak Earnings May Only Reveal A Part Of The Whole Picture

Market Participants Recognise Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Earnings Pushing Shares 32% Higher

Oct 14
Market Participants Recognise Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Earnings Pushing Shares 32% Higher

Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Price In Tune With Earnings

Aug 09
Fujian Torch Electron Technology Co., Ltd.'s (SHSE:603678) Price In Tune With Earnings

Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital Not Reflecting Well On The Business

Jul 23
Fujian Torch Electron Technology's (SHSE:603678) Returns On Capital Not Reflecting Well On The Business

After Leaping 25% Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Are Not Flying Under The Radar

May 09
After Leaping 25% Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Are Not Flying Under The Radar

Returns On Capital Signal Tricky Times Ahead For Fujian Torch Electron Technology (SHSE:603678)

Apr 17
Returns On Capital Signal Tricky Times Ahead For Fujian Torch Electron Technology (SHSE:603678)

Fujian Torch Electron Technology's (SHSE:603678) Soft Earnings Don't Show The Whole Picture

Mar 25
Fujian Torch Electron Technology's (SHSE:603678) Soft Earnings Don't Show The Whole Picture

Further Upside For Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Could Introduce Price Risks After 27% Bounce

Mar 06
Further Upside For Fujian Torch Electron Technology Co., Ltd. (SHSE:603678) Shares Could Introduce Price Risks After 27% Bounce

Financial 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).

Balance Sheet

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 06:15
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fujian Torch Electron Technology Co., Ltd. is covered by 7 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cheng ZhangChangjiang Securities Co. LTD.
Fusheng CheungChina Galaxy International Securities (Hong Kong)
Chenshuo FuCitic Securities Co., Ltd.