Fujian Highton Development Balance Sheet Health
Financial Health criteria checks 6/6
Fujian Highton Development has a total shareholder equity of CN¥3.7B and total debt of CN¥50.0M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥4.5B and CN¥810.8M respectively. Fujian Highton Development's EBIT is CN¥177.3M making its interest coverage ratio -19.9. It has cash and short-term investments of CN¥950.8M.
Key information
1.3%
Debt to equity ratio
CN¥50.02m
Debt
| Interest coverage ratio | -19.9x |
| Cash | CN¥950.84m |
| Equity | CN¥3.72b |
| Total liabilities | CN¥810.79m |
| Total assets | CN¥4.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603162's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥480.3M).
Long Term Liabilities: 603162's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥330.5M).
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 (433.9%).
Interest Coverage: 603162 earns more interest than it pays, so coverage of interest payments is not a concern.