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¥19.6B, which brings its debt-to-equity ratio to 68%. 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 -4.4. It has cash and short-term investments of CN¥6.1B.
Key information
68.0%
Debt to equity ratio
CN¥19.59b
Debt
Interest coverage ratio | -4.4x |
Cash | CN¥6.10b |
Equity | CN¥28.79b |
Total liabilities | CN¥22.43b |
Total assets | CN¥51.21b |
Recent financial health updates
Is Fujian Funeng (SHSE:600483) Using Too Much Debt?
Jul 15Fujian Funeng (SHSE:600483) Seems To Use Debt Quite Sensibly
Mar 26Recent updates
Is Fujian Funeng (SHSE:600483) Using Too Much Debt?
Jul 15Calculating The Intrinsic Value Of Fujian Funeng Co., Ltd. (SHSE:600483)
Jun 26Returns On Capital At Fujian Funeng (SHSE:600483) Have Hit The Brakes
Jun 03Fujian Funeng Co., Ltd.'s (SHSE:600483) Business And Shares Still Trailing The Market
Apr 16Fujian Funeng (SHSE:600483) Seems To Use Debt Quite Sensibly
Mar 26We Ran A Stock Scan For Earnings Growth And Fujian Funeng (SHSE:600483) Passed With Ease
Mar 04Financial 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 (46.8%) is considered high.
Reducing Debt: 600483's debt to equity ratio has reduced from 87.9% to 68% over the past 5 years.
Debt Coverage: 600483's debt is well covered by operating cash flow (23.9%).
Interest Coverage: 600483 earns more interest than it pays, so coverage of interest payments is not a concern.