First Tractor Balance Sheet Health
Financial Health criteria checks 6/6
First Tractor has a total shareholder equity of CN¥7.8B and total debt of CN¥225.2M, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are CN¥15.4B and CN¥7.5B respectively. First Tractor's EBIT is CN¥905.6M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥3.5B.
Key information
2.9%
Debt to equity ratio
CN¥225.17m
Debt
Interest coverage ratio | -5.2x |
Cash | CN¥3.53b |
Equity | CN¥7.83b |
Total liabilities | CN¥7.53b |
Total assets | CN¥15.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FTP's short term assets (CN¥7.8B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: FTP's short term assets (CN¥7.8B) exceed its long term liabilities (CN¥553.5M).
Debt to Equity History and Analysis
Debt Level: FTP has more cash than its total debt.
Reducing Debt: FTP's debt to equity ratio has reduced from 84% to 2.9% over the past 5 years.
Debt Coverage: FTP's debt is well covered by operating cash flow (510.2%).
Interest Coverage: FTP earns more interest than it pays, so coverage of interest payments is not a concern.