Angel Yeast Balance Sheet Health
Financial Health criteria checks 4/6
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 64.9%. Its total assets and total liabilities are CN¥20.5B and CN¥9.8B respectively. Angel Yeast's EBIT is CN¥1.4B making its interest coverage ratio 20.5. It has cash and short-term investments of CN¥1.0B.
Key information
64.9%
Debt to equity ratio
CN¥6.94b
Debt
| Interest coverage ratio | 20.5x |
| Cash | CN¥1.02b |
| Equity | CN¥10.70b |
| Total liabilities | CN¥9.78b |
| Total assets | CN¥20.48b |
Recent financial health updates
Recent updates
Estimating The Fair Value Of Angel Yeast Co., Ltd (SHSE:600298)
Aug 29
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¥9.0B) exceed its short term liabilities (CN¥6.6B).
Long Term Liabilities: 600298's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥3.2B).
Debt to Equity History and Analysis
Debt Level: 600298's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: 600298's debt to equity ratio has reduced from 76.2% to 64.9% over the past 5 years.
Debt Coverage: 600298's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 600298's interest payments on its debt are well covered by EBIT (20.5x coverage).