Kuaijishan Shaoxing Rice Wine Balance Sheet Health
Financial Health criteria checks 6/6
Kuaijishan Shaoxing Rice Wine has a total shareholder equity of CN¥3.7B and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are CN¥4.4B and CN¥689.2M respectively. Kuaijishan Shaoxing Rice Wine's EBIT is CN¥220.6M making its interest coverage ratio -10. It has cash and short-term investments of CN¥647.4M.
Key information
0.03%
Debt to equity ratio
CN¥1.00m
Debt
Interest coverage ratio | -10x |
Cash | CN¥647.44m |
Equity | CN¥3.73b |
Total liabilities | CN¥689.17m |
Total assets | CN¥4.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601579's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥586.6M).
Long Term Liabilities: 601579's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥102.5M).
Debt to Equity History and Analysis
Debt Level: 601579 has more cash than its total debt.
Reducing Debt: 601579's debt to equity ratio has reduced from 8.6% to 0.03% over the past 5 years.
Debt Coverage: 601579's debt is well covered by operating cash flow (29795.2%).
Interest Coverage: 601579 earns more interest than it pays, so coverage of interest payments is not a concern.