First Tractor Balance Sheet Health
Financial Health criteria checks 6/6
First Tractor has a total shareholder equity of CN¥8.0B and total debt of CN¥215.6M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥15.8B and CN¥7.8B respectively. First Tractor's EBIT is CN¥855.1M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥4.6B.
Key information
2.7%
Debt to equity ratio
CN¥215.60m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥4.60b |
| Equity | CN¥7.97b |
| Total liabilities | CN¥7.83b |
| Total assets | CN¥15.80b |
Recent financial health updates
Is First Tractor (HKG:38) Using Too Much Debt?
Apr 17
First Tractor (HKG:38) Has A Rock Solid Balance Sheet
Jan 16Is First Tractor (HKG:38) Using Too Much Debt?
Apr 28First Tractor (HKG:38) Seems To Use Debt Rather Sparingly
Dec 13First Tractor (HKG:38) Could Easily Take On More Debt
May 30Is First Tractor (HKG:38) Using Debt In A Risky Way?
Jan 18
Recent updates
First Tractor's (HKG:38) Profits Appear To Have Quality Issues
Nov 05Sentiment Still Eluding First Tractor Company Limited (HKG:38)
Oct 25Returns On Capital Are Showing Encouraging Signs At First Tractor (HKG:38)
Oct 03Potential Upside For First Tractor Company Limited (HKG:38) Not Without Risk
Jul 27First Tractor (HKG:38) Shareholders Will Want The ROCE Trajectory To Continue
May 13Investors Still Aren't Entirely Convinced By First Tractor Company Limited's (HKG:38) Earnings Despite 34% Price Jump
Apr 28Is First Tractor (HKG:38) Using Too Much Debt?
Apr 17We Think You Should Be Aware Of Some Concerning Factors In First Tractor's (HKG:38) Earnings
Apr 03Here's Why We Think First Tractor (HKG:38) Might Deserve Your Attention Today
Mar 20First Tractor Company Limited's (HKG:38) Shares Leap 25% Yet They're Still Not Telling The Full Story
Feb 19Is There Now An Opportunity In First Tractor Company Limited (HKG:38)?
Jan 31First Tractor (HKG:38) Has A Rock Solid Balance Sheet
Jan 16We Ran A Stock Scan For Earnings Growth And First Tractor (HKG:38) Passed With Ease
Nov 28First Tractor (HKG:38) Is Experiencing Growth In Returns On Capital
Aug 30We Like These Underlying Return On Capital Trends At First Tractor (HKG:38)
May 04There's Been No Shortage Of Growth Recently For First Tractor's (HKG:38) Returns On Capital
Sep 30Is First Tractor (HKG:38) Using Too Much Debt?
Apr 28The Return Trends At First Tractor (HKG:38) Look Promising
Jan 05First Tractor (HKG:38) Seems To Use Debt Rather Sparingly
Dec 13Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist
Aug 13With EPS Growth And More, First Tractor (HKG:38) Is Interesting
Jul 26First Tractor (HKG:38) Could Easily Take On More Debt
May 30Investors Will Want First Tractor's (HKG:38) Growth In ROCE To Persist
May 11The Case For First Tractor Company Limited (HKG:38): Could It Be A Nice Addition To Your Dividend Portfolio?
Apr 26Is First Tractor (HKG:38) Using Debt In A Risky Way?
Jan 18Here's Why We Don't Think First Tractor's (HKG:38) Statutory Earnings Reflect Its Underlying Earnings Potential
Dec 20Are Institutions Heavily Invested In First Tractor Company Limited's (HKG:38) Shares?
Nov 24Financial Position Analysis
Short Term Liabilities: 38's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥7.3B).
Long Term Liabilities: 38's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥529.6M).
Debt to Equity History and Analysis
Debt Level: 38 has more cash than its total debt.
Reducing Debt: 38's debt to equity ratio has reduced from 44.6% to 2.7% over the past 5 years.
Debt Coverage: 38's debt is well covered by operating cash flow (603.1%).
Interest Coverage: 38 earns more interest than it pays, so coverage of interest payments is not a concern.