Bright Dairy & FoodLtd Balance Sheet Health
Financial Health criteria checks 5/6
Bright Dairy & FoodLtd has a total shareholder equity of CN¥10.9B and total debt of CN¥3.6B, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are CN¥23.5B and CN¥12.6B respectively. Bright Dairy & FoodLtd's EBIT is CN¥793.7M making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥3.4B.
Key information
32.8%
Debt to equity ratio
CN¥3.58b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CN¥3.37b |
| Equity | CN¥10.93b |
| Total liabilities | CN¥12.59b |
| Total assets | CN¥23.52b |
Recent financial health updates
Recent updates
We Think Bright Dairy & FoodLtd's (SHSE:600597) Solid Earnings Are Understated
Nov 07
Benign Growth For Bright Dairy & Food Co.,Ltd (SHSE:600597) Underpins Its Share Price
Oct 13Is Bright Dairy & FoodLtd (SHSE:600597) Using Too Much Debt?
Sep 25Investors Aren't Buying Bright Dairy & Food Co.,Ltd's (SHSE:600597) Earnings
Jun 21Calculating The Intrinsic Value Of Bright Dairy & Food Co.,Ltd (SHSE:600597)
May 27Solid Earnings May Not Tell The Whole Story For Bright Dairy & FoodLtd (SHSE:600597)
May 08Analysts Just Slashed Their Bright Dairy & Food Co.,Ltd (SHSE:600597) EPS Numbers
May 01Financial Position Analysis
Short Term Liabilities: 600597's short term assets (CN¥9.4B) do not cover its short term liabilities (CN¥10.2B).
Long Term Liabilities: 600597's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 600597's net debt to equity ratio (2%) is considered satisfactory.
Reducing Debt: 600597's debt to equity ratio has reduced from 67.2% to 32.8% over the past 5 years.
Debt Coverage: 600597's debt is well covered by operating cash flow (35.6%).
Interest Coverage: 600597's interest payments on its debt are well covered by EBIT (4.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 18:14 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Bright Dairy & Food Co.,Ltd is covered by 32 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Weiliang Tang | BOCI Research Ltd. |
| YANG QIAO | Changjiang Securities Co. LTD. |
| Feiyang Yuan | China International Capital Corporation Limited |