Fujian Funeng Balance Sheet Health
Financial Health criteria checks 4/6
Fujian Funeng has a total shareholder equity of CN¥28.8B and total debt of CN¥18.9B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are CN¥51.2B and CN¥22.4B respectively. Fujian Funeng's EBIT is CN¥3.0B making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥6.1B.
Key information
65.5%
Debt to equity ratio
CN¥18.86b
Debt
| Interest coverage ratio | -7.7x |
| Cash | CN¥6.10b |
| Equity | CN¥28.79b |
| Total liabilities | CN¥22.43b |
| Total assets | CN¥51.21b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600483's short term assets (CN¥12.3B) exceed its short term liabilities (CN¥7.2B).
Long Term Liabilities: 600483's short term assets (CN¥12.3B) do not cover its long term liabilities (CN¥15.2B).
Debt to Equity History and Analysis
Debt Level: 600483's net debt to equity ratio (44.3%) is considered high.
Reducing Debt: 600483's debt to equity ratio has reduced from 87.9% to 65.5% over the past 5 years.
Debt Coverage: 600483's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 600483 earns more interest than it pays, so coverage of interest payments is not a concern.