SDIC Zhonglu Fruit JuiceLtd Balance Sheet Health
Financial Health criteria checks 2/6
SDIC Zhonglu Fruit JuiceLtd has a total shareholder equity of CN¥988.8M and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 109.8%. Its total assets and total liabilities are CN¥2.2B and CN¥1.2B respectively. SDIC Zhonglu Fruit JuiceLtd's EBIT is CN¥102.1M making its interest coverage ratio 2.8. It has cash and short-term investments of CN¥129.6M.
Key information
109.8%
Debt to equity ratio
CN¥1.09b
Debt
Interest coverage ratio | 2.8x |
Cash | CN¥129.60m |
Equity | CN¥988.81m |
Total liabilities | CN¥1.22b |
Total assets | CN¥2.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600962's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600962's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥22.2M).
Debt to Equity History and Analysis
Debt Level: 600962's net debt to equity ratio (96.7%) is considered high.
Reducing Debt: 600962's debt to equity ratio has increased from 69.1% to 109.8% over the past 5 years.
Debt Coverage: 600962's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600962's interest payments on its debt are not well covered by EBIT (2.8x coverage).