Bright Future Technology Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Bright Future Technology Holdings has a total shareholder equity of CN¥164.5M and total debt of CN¥142.8M, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are CN¥476.4M and CN¥311.9M respectively. Bright Future Technology Holdings's EBIT is CN¥17.0M making its interest coverage ratio 4.9. It has cash and short-term investments of CN¥9.2M.
Key information
86.8%
Debt to equity ratio
CN¥142.84m
Debt
| Interest coverage ratio | 4.9x |
| Cash | CN¥9.22m |
| Equity | CN¥164.48m |
| Total liabilities | CN¥311.90m |
| Total assets | CN¥476.38m |
Recent financial health updates
No updates
Recent updates
Impressive Earnings May Not Tell The Whole Story For Bright Future Technology Holdings (HKG:1351)
Sep 26
Bright Future Technology Holdings Limited's (HKG:1351) Shares Leap 30% Yet They're Still Not Telling The Full Story
Sep 13There Are Reasons To Feel Uneasy About Bright Future Technology Holdings' (HKG:1351) Returns On Capital
Aug 28Bright Future Technology Holdings Limited's (HKG:1351) Subdued P/S Might Signal An Opportunity
Jul 17Investors Still Aren't Entirely Convinced By Bright Future Technology Holdings Limited's (HKG:1351) Revenues Despite 26% Price Jump
Apr 12Calculating 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¥468.0M) exceed its short term liabilities (CN¥261.9M).
Long Term Liabilities: 1351's short term assets (CN¥468.0M) exceed its long term liabilities (CN¥50.0M).
Debt to Equity History and Analysis
Debt Level: 1351's net debt to equity ratio (81.2%) is considered high.
Reducing Debt: 1351's debt to equity ratio has increased from 18.5% to 86.8% 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 (4.9x coverage).