Gifore Agricultural Science & Technology ServiceLtd Balance Sheet Health
Financial Health criteria checks 5/6
Gifore Agricultural Science & Technology ServiceLtd has a total shareholder equity of CN¥907.1M and total debt of CN¥399.3M, which brings its debt-to-equity ratio to 44%. Its total assets and total liabilities are CN¥2.2B and CN¥1.3B respectively. Gifore Agricultural Science & Technology ServiceLtd's EBIT is CN¥100.6M making its interest coverage ratio 8.8. It has cash and short-term investments of CN¥420.7M.
Key information
44.0%
Debt to equity ratio
CN¥399.27m
Debt
| Interest coverage ratio | 8.8x |
| Cash | CN¥420.75m |
| Equity | CN¥907.10m |
| Total liabilities | CN¥1.32b |
| Total assets | CN¥2.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300022's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 300022's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥23.9M).
Debt to Equity History and Analysis
Debt Level: 300022 has more cash than its total debt.
Reducing Debt: 300022's debt to equity ratio has reduced from 118.3% to 44% over the past 5 years.
Debt Coverage: 300022's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: 300022's interest payments on its debt are well covered by EBIT (8.8x coverage).