Fujian Highton Development Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Highton Development has a total shareholder equity of CN¥4.0B and total debt of CN¥75.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥5.5B and CN¥1.5B respectively. Fujian Highton Development's EBIT is CN¥399.3M making its interest coverage ratio 61.8. It has cash and short-term investments of CN¥647.1M.
Key information
1.9%
Debt to equity ratio
CN¥75.05m
Debt
| Interest coverage ratio | 61.8x |
| Cash | CN¥647.07m |
| Equity | CN¥3.97b |
| Total liabilities | CN¥1.55b |
| Total assets | CN¥5.51b |
Recent financial health updates
Recent updates
There Are Some Holes In Fujian Highton Development's (SHSE:603162) Solid Earnings Release
Oct 25
The Returns On Capital At Fujian Highton Development (SHSE:603162) Don't Inspire Confidence
Sep 24These 4 Measures Indicate That Fujian Highton Development (SHSE:603162) Is Using Debt Reasonably Well
Jun 18Fujian Highton Development's (SHSE:603162) Shareholders Have More To Worry About Than Only Soft Earnings
Mar 28Financial Position Analysis
Short Term Liabilities: 603162's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥642.6M).
Long Term Liabilities: 603162's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥903.7M).
Debt to Equity History and Analysis
Debt Level: 603162 has more cash than its total debt.
Reducing Debt: 603162 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 603162's debt is well covered by operating cash flow (1053.9%).
Interest Coverage: 603162's interest payments on its debt are well covered by EBIT (61.8x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 09:39 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Fujian Highton Development Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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