Heilongjiang Agriculture Balance Sheet Health
Financial Health criteria checks 5/6
Heilongjiang Agriculture has a total shareholder equity of CN¥7.8B and total debt of CN¥38.4M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are CN¥14.7B and CN¥6.8B respectively. Heilongjiang Agriculture's EBIT is CN¥1.1B making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥8.5B.
Key information
0.5%
Debt to equity ratio
CN¥38.43m
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥8.46b |
Equity | CN¥7.85b |
Total liabilities | CN¥6.81b |
Total assets | CN¥14.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600598's short term assets (CN¥9.7B) exceed its short term liabilities (CN¥6.6B).
Long Term Liabilities: 600598's short term assets (CN¥9.7B) exceed its long term liabilities (CN¥161.4M).
Debt to Equity History and Analysis
Debt Level: 600598 has more cash than its total debt.
Reducing Debt: 600598's debt to equity ratio has increased from 0.07% to 0.5% over the past 5 years.
Debt Coverage: 600598's debt is well covered by operating cash flow (4790.9%).
Interest Coverage: 600598 earns more interest than it pays, so coverage of interest payments is not a concern.