Angel Yeast Balance Sheet Health
Financial Health criteria checks 3/6
Angel Yeast has a total shareholder equity of CN¥10.9B and total debt of CN¥6.8B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are CN¥20.9B and CN¥10.0B respectively. Angel Yeast's EBIT is CN¥1.3B making its interest coverage ratio 16.3. It has cash and short-term investments of CN¥1.7B.
Key information
61.8%
Debt to equity ratio
CN¥6.75b
Debt
| Interest coverage ratio | 16.3x |
| Cash | CN¥1.74b |
| Equity | CN¥10.93b |
| Total liabilities | CN¥9.98b |
| Total assets | CN¥20.91b |
Recent financial health updates
Here's Why Angel Yeast (SHSE:600298) Has A Meaningful Debt Burden
Oct 29
These 4 Measures Indicate That Angel Yeast (SHSE:600298) Is Using Debt Extensively
Jul 29Recent updates
Why Investors Shouldn't Be Surprised By Angel Yeast Co., Ltd's (SHSE:600298) Low P/E
Nov 22Earnings Troubles May Signal Larger Issues for Angel Yeast (SHSE:600298) Shareholders
Nov 06Here's Why Angel Yeast (SHSE:600298) Has A Meaningful Debt Burden
Oct 29Angel Yeast (SHSE:600298) Will Want To Turn Around Its Return Trends
Oct 14Estimating The Fair Value Of Angel Yeast Co., Ltd (SHSE:600298)
Aug 29These 4 Measures Indicate That Angel Yeast (SHSE:600298) Is Using Debt Extensively
Jul 29Investors Aren't Buying Angel Yeast Co., Ltd's (SHSE:600298) Earnings
Jul 12Angel Yeast (SHSE:600298) Will Be Hoping To Turn Its Returns On Capital Around
May 22Is Angel Yeast Co., Ltd (SHSE:600298) Worth CN¥30.5 Based On Its Intrinsic Value?
May 07Why Investors Shouldn't Be Surprised By Angel Yeast Co., Ltd's (SHSE:600298) Low P/E
Apr 12Solid Earnings May Not Tell The Whole Story For Angel Yeast (SHSE:600298)
Mar 25Financial Position Analysis
Short Term Liabilities: 600298's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 600298's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 600298's net debt to equity ratio (45.8%) is considered high.
Reducing Debt: 600298's debt to equity ratio has increased from 59.7% to 61.8% over the past 5 years.
Debt Coverage: 600298's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 600298's interest payments on its debt are well covered by EBIT (16.3x coverage).