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¥6.6B, which brings its debt-to-equity ratio to 83%. Its total assets and total liabilities are CN¥20.6B and CN¥12.7B respectively. Shenzhen Agricultural Products Group's EBIT is CN¥738.1M making its interest coverage ratio -15.8. It has cash and short-term investments of CN¥1.6B.
Key information
83.0%
Debt to equity ratio
CN¥6.55b
Debt
Interest coverage ratio | -15.8x |
Cash | CN¥1.65b |
Equity | CN¥7.90b |
Total liabilities | CN¥12.74b |
Total assets | CN¥20.64b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000061's short term assets (CN¥3.8B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 000061's short term assets (CN¥3.8B) do not cover its long term liabilities (CN¥4.2B).
Debt to Equity History and Analysis
Debt Level: 000061's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: 000061's debt to equity ratio has reduced from 102.6% to 83% over the past 5 years.
Debt Coverage: 000061's debt is not well covered by operating cash flow (18.3%).
Interest Coverage: 000061 earns more interest than it pays, so coverage of interest payments is not a concern.