Bright Future Technology Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Bright Future Technology Holdings has a total shareholder equity of CN¥147.3M and total debt of CN¥172.3M, which brings its debt-to-equity ratio to 117%. Its total assets and total liabilities are CN¥478.7M and CN¥331.4M respectively. Bright Future Technology Holdings's EBIT is CN¥24.1M making its interest coverage ratio 9.7. It has cash and short-term investments of CN¥45.2M.
Key information
117.0%
Debt to equity ratio
CN¥172.32m
Debt
| Interest coverage ratio | 9.7x |
| Cash | CN¥45.19m |
| Equity | CN¥147.31m |
| Total liabilities | CN¥331.37m |
| Total assets | CN¥478.68m |
Recent financial health updates
No updates
Recent updates
Investors Still Aren't Entirely Convinced By Bright Future Technology Holdings Limited's (HKG:1351) Revenues Despite 26% Price Jump
Apr 12
Calculating The Fair Value Of Bright Future Technology Holdings Limited (HKG:1351)
Dec 31Calculating The Intrinsic Value Of Bright Future Technology Holdings Limited (HKG:1351)
May 22Bright Future Technology Holdings (HKG:1351) May Have Issues Allocating Its Capital
Feb 28Bright Future Technology Holdings Limited's (HKG:1351) Business And Shares Still Trailing The Market
May 22Bright Future Technology Holdings' (HKG:1351) Earnings Are Weaker Than They Seem
Mar 30What Type Of Shareholders Own The Most Number of Bright Future Technology Holdings Limited (HKG:1351) Shares?
Feb 11Financial Position Analysis
Short Term Liabilities: 1351's short term assets (CN¥469.3M) exceed its short term liabilities (CN¥280.2M).
Long Term Liabilities: 1351's short term assets (CN¥469.3M) exceed its long term liabilities (CN¥51.2M).
Debt to Equity History and Analysis
Debt Level: 1351's net debt to equity ratio (86.3%) is considered high.
Reducing Debt: 1351's debt to equity ratio has increased from 10.7% to 117% over the past 5 years.
Debt Coverage: 1351's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1351's interest payments on its debt are well covered by EBIT (9.7x coverage).