Angel Yeast Balance Sheet Health
Financial Health criteria checks 3/6
Angel Yeast has a total shareholder equity of CN¥10.7B and total debt of CN¥6.9B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are CN¥20.5B and CN¥9.8B respectively. Angel Yeast's EBIT is CN¥1.3B making its interest coverage ratio 24.3. It has cash and short-term investments of CN¥1.2B.
Key information
64.4%
Debt to equity ratio
CN¥6.89b
Debt
Interest coverage ratio | 24.3x |
Cash | CN¥1.23b |
Equity | CN¥10.70b |
Total liabilities | CN¥9.77b |
Total assets | CN¥20.47b |
Recent financial health updates
Recent updates
These 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¥6.8B).
Long Term Liabilities: 600298's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 600298's net debt to equity ratio (52.9%) is considered high.
Reducing Debt: 600298's debt to equity ratio has increased from 56.6% to 64.4% over the past 5 years.
Debt Coverage: 600298's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: 600298's interest payments on its debt are well covered by EBIT (24.3x coverage).