First Tractor Balance Sheet Health
Financial Health criteria checks 6/6
First Tractor has a total shareholder equity of CN¥7.3B and total debt of CN¥508.8M, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are CN¥14.7B and CN¥7.4B respectively. First Tractor's EBIT is CN¥806.0M making its interest coverage ratio -7.6. It has cash and short-term investments of CN¥4.8B.
Key information
6.9%
Debt to equity ratio
CN¥508.78m
Debt
| Interest coverage ratio | -7.6x |
| Cash | CN¥4.80b |
| Equity | CN¥7.33b |
| Total liabilities | CN¥7.41b |
| Total assets | CN¥14.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIRR.F's short term assets (CN¥7.7B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: FIRR.F's short term assets (CN¥7.7B) exceed its long term liabilities (CN¥296.3M).
Debt to Equity History and Analysis
Debt Level: FIRR.F has more cash than its total debt.
Reducing Debt: FIRR.F's debt to equity ratio has reduced from 69.9% to 6.9% over the past 5 years.
Debt Coverage: FIRR.F's debt is well covered by operating cash flow (269.7%).
Interest Coverage: FIRR.F earns more interest than it pays, so coverage of interest payments is not a concern.