Shede Spirits Balance Sheet Health
Financial Health criteria checks 6/6
Shede Spirits has a total shareholder equity of CN¥8.0B and total debt of CN¥445.6M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CN¥11.9B and CN¥3.9B respectively. Shede Spirits's EBIT is CN¥2.2B making its interest coverage ratio -66.1. It has cash and short-term investments of CN¥3.1B.
Key information
5.6%
Debt to equity ratio
CN¥445.61m
Debt
| Interest coverage ratio | -66.1x |
| Cash | CN¥3.08b |
| Equity | CN¥8.00b |
| Total liabilities | CN¥3.93b |
| Total assets | CN¥11.93b |
Recent financial health updates
No updates
Recent updates
Why We Like The Returns At Shede Spirits (SHSE:600702)
Apr 22
Shede 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¥8.7B) exceed its short term liabilities (CN¥3.8B).
Long Term Liabilities: 600702's short term assets (CN¥8.7B) exceed its long term liabilities (CN¥171.7M).
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 26.3% to 5.6% over the past 5 years.
Debt Coverage: 600702's debt is well covered by operating cash flow (134%).
Interest Coverage: 600702 earns more interest than it pays, so coverage of interest payments is not a concern.