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
Shede Spirits (SHSE:600702) Has A Somewhat Strained Balance Sheet
Dec 23
These 4 Measures Indicate That Shede Spirits (SHSE:600702) Is Using Debt Reasonably Well
Sep 23Here's Why Shede Spirits (SHSE:600702) Can Manage Its Debt Responsibly
May 26Recent updates
Shede Spirits (SHSE:600702) Has A Somewhat Strained Balance Sheet
Dec 23Here'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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 16:58 |
| End of Day Share Price | 2024/12/26 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
Shede Spirits Co., Ltd. is covered by 26 analysts. 11 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 |
|---|---|
| Ran Liu | Central China Securities Co., Ltd. |
| Liang Long | Chasing Securities |
| Laizhen Liu | China Galaxy Securities Co., Ltd. |