Bright Dairy & FoodLtd Balance Sheet Health
Financial Health criteria checks 4/6
Bright Dairy & FoodLtd has a total shareholder equity of CN¥10.6B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are CN¥23.6B and CN¥13.0B respectively. Bright Dairy & FoodLtd's EBIT is CN¥423.7M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥2.6B.
Key information
29.1%
Debt to equity ratio
CN¥3.08b
Debt
Interest coverage ratio | 2.5x |
Cash | CN¥2.64b |
Equity | CN¥10.56b |
Total liabilities | CN¥13.02b |
Total assets | CN¥23.58b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600597's short term assets (CN¥9.1B) do not cover its short term liabilities (CN¥9.6B).
Long Term Liabilities: 600597's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600597's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 600597's debt to equity ratio has reduced from 61.1% to 29.1% over the past 5 years.
Debt Coverage: 600597's debt is well covered by operating cash flow (41.8%).
Interest Coverage: 600597's interest payments on its debt are not well covered by EBIT (2.5x coverage).