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
No updates
Recent updates
Financial 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.