Flowing Cloud Technology Balance Sheet Health
Financial Health criteria checks 4/6
Flowing Cloud Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥115.0M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are CN¥1.8B and CN¥321.2M respectively. Flowing Cloud Technology's EBIT is CN¥222.7M making its interest coverage ratio 42.1. It has cash and short-term investments of CN¥138.9M.
Key information
7.6%
Debt to equity ratio
CN¥115.00m
Debt
| Interest coverage ratio | 42.1x |
| Cash | CN¥138.94m |
| Equity | CN¥1.50b |
| Total liabilities | CN¥321.18m |
| Total assets | CN¥1.82b |
Recent financial health updates
Recent updates
Flowing Cloud Technology's (HKG:6610) Shareholders Have More To Worry About Than Only Soft Earnings
Oct 09
Positive Sentiment Still Eludes Flowing Cloud Technology Ltd (HKG:6610) Following 25% Share Price Slump
Aug 12Even With A 47% Surge, Cautious Investors Are Not Rewarding Flowing Cloud Technology Ltd's (HKG:6610) Performance Completely
May 21Flowing Cloud Technology (HKG:6610) Will Be Hoping To Turn Its Returns On Capital Around
May 02A Piece Of The Puzzle Missing From Flowing Cloud Technology Ltd's (HKG:6610) 36% Share Price Climb
Apr 04Flowing Cloud Technology (HKG:6610) Seems To Use Debt Quite Sensibly
Apr 01Flowing Cloud Technology's (HKG:6610) Returns On Capital Not Reflecting Well On The Business
Dec 29Flowing Cloud Technology's (HKG:6610) Earnings Are Of Questionable Quality
Oct 02Financial Position Analysis
Short Term Liabilities: 6610's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥315.2M).
Long Term Liabilities: 6610's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥6.0M).
Debt to Equity History and Analysis
Debt Level: 6610 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 6610's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6610's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6610's interest payments on its debt are well covered by EBIT (42.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/21 11:27 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Flowing Cloud Technology Ltd is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qixian Lin | SWS Research Co., Ltd. |