Shede Spirits Balance Sheet Health
Financial Health criteria checks 5/6
Shede Spirits has a total shareholder equity of CN¥7.4B and total debt of CN¥795.1M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥11.6B and CN¥4.2B respectively. Shede Spirits's EBIT is CN¥1.5B making its interest coverage ratio -77.5. It has cash and short-term investments of CN¥2.1B.
Key information
10.7%
Debt to equity ratio
CN¥795.15m
Debt
| Interest coverage ratio | -77.5x |
| Cash | CN¥2.06b |
| Equity | CN¥7.42b |
| Total liabilities | CN¥4.22b |
| Total assets | CN¥11.63b |
Recent financial health updates
These 4 Measures Indicate That Shede Spirits (SHSE:600702) Is Using Debt Reasonably Well
Sep 23
Here's Why Shede Spirits (SHSE:600702) Can Manage Its Debt Responsibly
May 26Recent updates
Here's What To Make Of Shede Spirits' (SHSE:600702) Decelerating Rates Of Return
Nov 20Why Shede Spirits' (SHSE:600702) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 04Is Now The Time To Look At Buying Shede Spirits Co., Ltd. (SHSE:600702)?
Oct 28Improved Earnings Required Before Shede Spirits Co., Ltd. (SHSE:600702) Stock's 25% Jump Looks Justified
Oct 28These 4 Measures Indicate That Shede Spirits (SHSE:600702) Is Using Debt Reasonably Well
Sep 23Shede Spirits Co., Ltd. (SHSE:600702) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough
Sep 09Shede Spirits Co., Ltd. (SHSE:600702) Shares Could Be 50% Below Their Intrinsic Value Estimate
Sep 06There Is A Reason Shede Spirits Co., Ltd.'s (SHSE:600702) Price Is Undemanding
Jul 15Is It Too Late To Consider Buying Shede Spirits Co., Ltd. (SHSE:600702)?
Jun 23Here's Why Shede Spirits (SHSE:600702) Can Manage Its Debt Responsibly
May 26Why We Like The Returns At Shede Spirits (SHSE:600702)
Apr 22Shede Spirits Co., Ltd.'s (SHSE:600702) Shares Lagging The Market But So Is The Business
Apr 09We Think That There Are Some Issues For Shede Spirits (SHSE:600702) Beyond Its Promising Earnings
Mar 26Analysts Have Lowered Expectations For Shede Spirits Co., Ltd. (SHSE:600702) After Its Latest Results
Mar 22Financial Position Analysis
Short Term Liabilities: 600702's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 600702's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥310.5M).
Debt to Equity History and Analysis
Debt Level: 600702 has more cash than its total debt.
Reducing Debt: 600702's debt to equity ratio has reduced from 27.7% to 10.7% over the past 5 years.
Debt Coverage: 600702's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600702 earns more interest than it pays, so coverage of interest payments is not a concern.