Foran Energy Group Balance Sheet Health
Financial Health criteria checks 4/6
Foran Energy Group has a total shareholder equity of CN¥9.0B and total debt of CN¥3.5B, which brings its debt-to-equity ratio to 38.2%. Its total assets and total liabilities are CN¥19.3B and CN¥10.2B respectively. Foran Energy Group's EBIT is CN¥1.1B making its interest coverage ratio -2.8. It has cash and short-term investments of CN¥2.9B.
Key information
38.2%
Debt to equity ratio
CN¥3.45b
Debt
Interest coverage ratio | -2.8x |
Cash | CN¥2.95b |
Equity | CN¥9.04b |
Total liabilities | CN¥10.22b |
Total assets | CN¥19.26b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002911's short term assets (CN¥7.1B) do not cover its short term liabilities (CN¥7.4B).
Long Term Liabilities: 002911's short term assets (CN¥7.1B) exceed its long term liabilities (CN¥2.8B).
Debt to Equity History and Analysis
Debt Level: 002911's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 002911's debt to equity ratio has reduced from 41.1% to 38.2% over the past 5 years.
Debt Coverage: 002911's debt is not well covered by operating cash flow (13.6%).
Interest Coverage: 002911 earns more interest than it pays, so coverage of interest payments is not a concern.