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).