Shanghai Milkground Food Tech Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Milkground Food Tech has a total shareholder equity of CN¥4.3B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥6.8B and CN¥2.4B respectively. Shanghai Milkground Food Tech's EBIT is CN¥53.1M making its interest coverage ratio -2.5. It has cash and short-term investments of CN¥2.6B.
Key information
32.3%
Debt to equity ratio
CN¥1.40b
Debt
Interest coverage ratio | -2.5x |
Cash | CN¥2.56b |
Equity | CN¥4.34b |
Total liabilities | CN¥2.45b |
Total assets | CN¥6.79b |
Recent financial health updates
Recent updates
Earnings Troubles May Signal Larger Issues for Shanghai Milkground Food Tech (SHSE:600882) Shareholders
Apr 01These Analysts Just Made A Notable Downgrade To Their Shanghai Milkground Food Tech Co., Ltd (SHSE:600882) EPS Forecasts
Mar 28Shanghai Milkground Food Tech (SHSE:600882) Takes On Some Risk With Its Use Of Debt
Mar 25Financial Position Analysis
Short Term Liabilities: 600882's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600882's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥782.3M).
Debt to Equity History and Analysis
Debt Level: 600882 has more cash than its total debt.
Reducing Debt: 600882's debt to equity ratio has reduced from 93.9% to 32.3% over the past 5 years.
Debt Coverage: 600882's debt is well covered by operating cash flow (43.9%).
Interest Coverage: 600882 earns more interest than it pays, so coverage of interest payments is not a concern.