Shenzhen Agricultural Products Group Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Agricultural Products Group has a total shareholder equity of CN¥7.9B and total debt of CN¥6.5B, which brings its debt-to-equity ratio to 82.4%. Its total assets and total liabilities are CN¥21.3B and CN¥13.4B respectively. Shenzhen Agricultural Products Group's EBIT is CN¥738.3M making its interest coverage ratio -12.7. It has cash and short-term investments of CN¥1.6B.
Key information
82.4%
Debt to equity ratio
CN¥6.52b
Debt
Interest coverage ratio | -12.7x |
Cash | CN¥1.60b |
Equity | CN¥7.92b |
Total liabilities | CN¥13.37b |
Total assets | CN¥21.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000061's short term assets (CN¥3.7B) do not cover its short term liabilities (CN¥8.7B).
Long Term Liabilities: 000061's short term assets (CN¥3.7B) do not cover its long term liabilities (CN¥4.7B).
Debt to Equity History and Analysis
Debt Level: 000061's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: 000061's debt to equity ratio has reduced from 108.9% to 82.4% over the past 5 years.
Debt Coverage: 000061's debt is not well covered by operating cash flow (15.4%).
Interest Coverage: 000061 earns more interest than it pays, so coverage of interest payments is not a concern.