Hebei Hengshui Laobaigan Liquor Balance Sheet Health
Financial Health criteria checks 6/6
Hebei Hengshui Laobaigan Liquor has a total shareholder equity of CN¥5.0B and total debt of CN¥1,000.0K, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥10.2B and CN¥5.3B respectively. Hebei Hengshui Laobaigan Liquor's EBIT is CN¥873.3M making its interest coverage ratio -22.8. It has cash and short-term investments of CN¥2.6B.
Key information
0.02%
Debt to equity ratio
CN¥1.00m
Debt
Interest coverage ratio | -22.8x |
Cash | CN¥2.62b |
Equity | CN¥4.96b |
Total liabilities | CN¥5.28b |
Total assets | CN¥10.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600559's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 600559's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥161.9M).
Debt to Equity History and Analysis
Debt Level: 600559 has more cash than its total debt.
Reducing Debt: 600559's debt to equity ratio has reduced from 14% to 0.02% over the past 5 years.
Debt Coverage: 600559's debt is well covered by operating cash flow (95159.4%).
Interest Coverage: 600559 earns more interest than it pays, so coverage of interest payments is not a concern.