Qianhe Condiment and Food Balance Sheet Health
Financial Health criteria checks 6/6
Qianhe Condiment and Food has a total shareholder equity of CN¥3.5B and total debt of CN¥151.8M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥4.2B and CN¥732.2M respectively. Qianhe Condiment and Food's EBIT is CN¥532.8M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥1.4B.
Key information
4.3%
Debt to equity ratio
CN¥151.83m
Debt
| Interest coverage ratio | -9.9x |
| Cash | CN¥1.41b |
| Equity | CN¥3.51b |
| Total liabilities | CN¥732.18m |
| Total assets | CN¥4.24b |
Recent financial health updates
These 4 Measures Indicate That Qianhe Condiment and Food (SHSE:603027) Is Using Debt Reasonably Well
Dec 17
Qianhe Condiment and Food (SHSE:603027) Seems To Use Debt Quite Sensibly
Sep 18Recent updates
These 4 Measures Indicate That Qianhe Condiment and Food (SHSE:603027) Is Using Debt Reasonably Well
Dec 17Why Investors Shouldn't Be Surprised By Qianhe Condiment and Food Co., Ltd.'s (SHSE:603027) Low P/E
Nov 17A Look At The Fair Value Of Qianhe Condiment and Food Co., Ltd. (SHSE:603027)
Oct 03Qianhe Condiment and Food (SHSE:603027) Seems To Use Debt Quite Sensibly
Sep 18Qianhe Condiment and Food Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Sep 02Earnings Not Telling The Story For Qianhe Condiment and Food Co., Ltd. (SHSE:603027)
Aug 07A Look At The Intrinsic Value Of Qianhe Condiment and Food Co., Ltd. (SHSE:603027)
Jun 24Qianhe Condiment and Food's (SHSE:603027) Profits May Not Reveal Underlying Issues
May 06Qianhe Condiment and Food Co., Ltd. Just Missed EPS By 5.8%: Here's What Analysts Think Will Happen Next
May 02Qianhe Condiment and Food (SHSE:603027) Might Have The Makings Of A Multi-Bagger
Apr 22Qianhe Condiment and Food Co., Ltd.'s (SHSE:603027) Share Price Not Quite Adding Up
Apr 03A Look At The Fair Value Of Qianhe Condiment and Food Co., Ltd. (SHSE:603027)
Feb 27Financial Position Analysis
Short Term Liabilities: 603027's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥686.2M).
Long Term Liabilities: 603027's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥46.0M).
Debt to Equity History and Analysis
Debt Level: 603027 has more cash than its total debt.
Reducing Debt: 603027's debt to equity ratio has reduced from 11.1% to 4.3% over the past 5 years.
Debt Coverage: 603027's debt is well covered by operating cash flow (351.1%).
Interest Coverage: 603027 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 | 2024/12/23 09:22 |
| End of Day Share Price | 2024/12/23 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
Qianhe Condiment and Food Co., Ltd. is covered by 16 analysts. 9 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 |
|---|---|
| Siyuan Dong | Changjiang Securities Co. LTD. |
| Wendan Wang | China International Capital Corporation Limited |
| Yuan Xue | Citic Securities Co., Ltd. |