Flat Glass Group Co., Ltd.

SZSC:6865 Stock Report

Market Cap: HK$55.9b

Flat Glass Group Balance Sheet Health

Financial Health criteria checks 4/6

Flat Glass Group has a total shareholder equity of CN¥22.4B and total debt of CN¥14.9B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are CN¥44.1B and CN¥21.7B respectively. Flat Glass Group's EBIT is CN¥2.9B making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥5.5B.

Key information

66.6%

Debt to equity ratio

CN¥14.90b

Debt

Interest coverage ratio6.6x
CashCN¥5.53b
EquityCN¥22.37b
Total liabilitiesCN¥21.74b
Total assetsCN¥44.11b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 6865's short term assets (CN¥15.5B) exceed its short term liabilities (CN¥9.1B).

Long Term Liabilities: 6865's short term assets (CN¥15.5B) exceed its long term liabilities (CN¥12.6B).


Debt to Equity History and Analysis

Debt Level: 6865's net debt to equity ratio (41.9%) is considered high.

Reducing Debt: 6865's debt to equity ratio has increased from 47.1% to 66.6% over the past 5 years.

Debt Coverage: 6865's debt is well covered by operating cash flow (33.6%).

Interest Coverage: 6865's interest payments on its debt are well covered by EBIT (6.6x coverage).


Balance Sheet


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