Fuyao Glass Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Fuyao Glass Industry Group has a total shareholder equity of CN¥33.4B and total debt of CN¥16.5B, which brings its debt-to-equity ratio to 49.4%. Its total assets and total liabilities are CN¥61.3B and CN¥27.9B respectively. Fuyao Glass Industry Group's EBIT is CN¥7.9B making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥19.8B.
Key information
49.4%
Debt to equity ratio
CN¥16.48b
Debt
| Interest coverage ratio | -11.6x |
| Cash | CN¥19.77b |
| Equity | CN¥33.39b |
| Total liabilities | CN¥27.95b |
| Total assets | CN¥61.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4FG's short term assets (CN¥36.1B) exceed its short term liabilities (CN¥17.8B).
Long Term Liabilities: 4FG's short term assets (CN¥36.1B) exceed its long term liabilities (CN¥10.1B).
Debt to Equity History and Analysis
Debt Level: 4FG has more cash than its total debt.
Reducing Debt: 4FG's debt to equity ratio has reduced from 62.6% to 49.4% over the past 5 years.
Debt Coverage: 4FG's debt is well covered by operating cash flow (51.3%).
Interest Coverage: 4FG earns more interest than it pays, so coverage of interest payments is not a concern.