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 21.3%. Its total assets and total liabilities are CN¥7.6B and CN¥1.9B respectively. Fujian Torch Electron Technology's EBIT is CN¥318.5M making its interest coverage ratio 9.1. It has cash and short-term investments of CN¥878.7M.
Key information
21.3%
Debt to equity ratio
CN¥1.22b
Debt
Interest coverage ratio | 9.1x |
Cash | CN¥878.66m |
Equity | CN¥5.72b |
Total liabilities | CN¥1.90b |
Total assets | CN¥7.62b |
Recent financial health updates
No updates
Recent updates
Returns 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¥870.9M).
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 (5.9%) is considered satisfactory.
Reducing Debt: 603678's debt to equity ratio has increased from 17.4% to 21.3% over the past 5 years.
Debt Coverage: 603678's debt is well covered by operating cash flow (47.8%).
Interest Coverage: 603678's interest payments on its debt are well covered by EBIT (9.1x coverage).