Fuyao Glass Industry Group Balance Sheet Health
Financial Health criteria checks 6/6
Fuyao Glass Industry Group has a total shareholder equity of CN¥32.8B and total debt of CN¥16.0B, which brings its debt-to-equity ratio to 48.6%. Its total assets and total liabilities are CN¥59.7B and CN¥26.8B respectively. Fuyao Glass Industry Group's EBIT is CN¥6.8B making its interest coverage ratio -17.1. It has cash and short-term investments of CN¥20.6B.
Key information
48.6%
Debt to equity ratio
CN¥15.95b
Debt
Interest coverage ratio | -17.1x |
Cash | CN¥20.64b |
Equity | CN¥32.85b |
Total liabilities | CN¥26.82b |
Total assets | CN¥59.66b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIGI.F's short term assets (CN¥36.0B) exceed its short term liabilities (CN¥15.6B).
Long Term Liabilities: FIGI.F's short term assets (CN¥36.0B) exceed its long term liabilities (CN¥11.2B).
Debt to Equity History and Analysis
Debt Level: FIGI.F has more cash than its total debt.
Reducing Debt: FIGI.F's debt to equity ratio has reduced from 61.5% to 48.6% over the past 5 years.
Debt Coverage: FIGI.F's debt is well covered by operating cash flow (47.1%).
Interest Coverage: FIGI.F earns more interest than it pays, so coverage of interest payments is not a concern.