Flat Glass Group Balance Sheet Health
Financial Health criteria checks 5/6
Flat Glass Group has a total shareholder equity of CN¥23.0B and total debt of CN¥13.6B, which brings its debt-to-equity ratio to 59.4%. Its total assets and total liabilities are CN¥43.4B and CN¥20.4B respectively. Flat Glass Group's EBIT is CN¥3.7B making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥6.1B.
Key information
59.4%
Debt to equity ratio
CN¥13.63b
Debt
Interest coverage ratio | 8.3x |
Cash | CN¥6.13b |
Equity | CN¥22.95b |
Total liabilities | CN¥20.43b |
Total assets | CN¥43.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 72T's short term assets (CN¥16.5B) exceed its short term liabilities (CN¥8.4B).
Long Term Liabilities: 72T's short term assets (CN¥16.5B) exceed its long term liabilities (CN¥12.1B).
Debt to Equity History and Analysis
Debt Level: 72T's net debt to equity ratio (32.7%) is considered satisfactory.
Reducing Debt: 72T's debt to equity ratio has increased from 38.5% to 59.4% over the past 5 years.
Debt Coverage: 72T's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 72T's interest payments on its debt are well covered by EBIT (8.3x coverage).