Foran Energy Group Balance Sheet Health
Financial Health criteria checks 5/6
Foran Energy Group has a total shareholder equity of CN¥9.0B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 43.3%. Its total assets and total liabilities are CN¥19.3B and CN¥10.3B respectively. Foran Energy Group's EBIT is CN¥1.2B making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥3.6B.
Key information
43.3%
Debt to equity ratio
CN¥3.91b
Debt
| Interest coverage ratio | -2.9x |
| Cash | CN¥3.56b |
| Equity | CN¥9.03b |
| Total liabilities | CN¥10.30b |
| Total assets | CN¥19.33b |
Recent financial health updates
Recent updates
Foran Energy Group Co., Ltd. (SZSE:002911) Looks Inexpensive But Perhaps Not Attractive Enough
Dec 02
Do Foran Energy Group's (SZSE:002911) Earnings Warrant Your Attention?
Oct 06Foran Energy Group (SZSE:002911) Will Want To Turn Around Its Return Trends
Sep 17Foran Energy Group Co., Ltd.'s (SZSE:002911) Prospects Need A Boost To Lift Shares
Aug 30Foran Energy Group Co., Ltd.'s (SZSE:002911) Shares Not Telling The Full Story
May 30Concerns Surrounding Foran Energy Group's (SZSE:002911) Performance
May 03Foran Energy Group's (SZSE:002911) Upcoming Dividend Will Be Larger Than Last Year's
Apr 22These 4 Measures Indicate That Foran Energy Group (SZSE:002911) Is Using Debt Reasonably Well
Mar 29Financial Position Analysis
Short Term Liabilities: 002911's short term assets (CN¥7.0B) do not cover its short term liabilities (CN¥7.6B).
Long Term Liabilities: 002911's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 002911's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: 002911's debt to equity ratio has reduced from 53% to 43.3% over the past 5 years.
Debt Coverage: 002911's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 002911 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 11:19 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Foran Energy Group Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Weijia Wang | Huatai Research |