First Tractor Balance Sheet Health
Financial Health criteria checks 6/6
First Tractor has a total shareholder equity of CN¥8.0B and total debt of CN¥215.6M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥15.8B and CN¥7.8B respectively. First Tractor's EBIT is CN¥855.1M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥4.6B.
Key information
2.7%
Debt to equity ratio
CN¥215.60m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥4.60b |
| Equity | CN¥7.97b |
| Total liabilities | CN¥7.83b |
| Total assets | CN¥15.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FIRR.Y's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥7.3B).
Long Term Liabilities: FIRR.Y's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥529.6M).
Debt to Equity History and Analysis
Debt Level: FIRR.Y has more cash than its total debt.
Reducing Debt: FIRR.Y's debt to equity ratio has reduced from 44.6% to 2.7% over the past 5 years.
Debt Coverage: FIRR.Y's debt is well covered by operating cash flow (603.1%).
Interest Coverage: FIRR.Y earns more interest than it pays, so coverage of interest payments is not a concern.