Fujian Highton Development Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Highton Development has a total shareholder equity of CN¥3.8B and total debt of CN¥61.3M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥5.1B and CN¥1.3B respectively. Fujian Highton Development's EBIT is CN¥238.7M making its interest coverage ratio -48.5. It has cash and short-term investments of CN¥972.5M.
Key information
1.6%
Debt to equity ratio
CN¥61.34m
Debt
| Interest coverage ratio | -48.5x |
| Cash | CN¥972.52m |
| Equity | CN¥3.83b |
| Total liabilities | CN¥1.28b |
| Total assets | CN¥5.11b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603162's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥593.3M).
Long Term Liabilities: 603162's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥682.4M).
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 (746.4%).
Interest Coverage: 603162 earns more interest than it pays, so coverage of interest payments is not a concern.