Qianhe Condiment and Food Balance Sheet Health
Financial Health criteria checks 6/6
Qianhe Condiment and Food has a total shareholder equity of CN¥3.4B and total debt of CN¥232.6M, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are CN¥4.2B and CN¥820.0M respectively. Qianhe Condiment and Food's EBIT is CN¥563.9M making its interest coverage ratio -10.5. It has cash and short-term investments of CN¥1.5B.
Key information
6.8%
Debt to equity ratio
CN¥232.62m
Debt
| Interest coverage ratio | -10.5x |
| Cash | CN¥1.46b |
| Equity | CN¥3.40b |
| Total liabilities | CN¥820.01m |
| Total assets | CN¥4.22b |
Recent financial health updates
Recent updates
Qianhe Condiment and Food (SHSE:603027) Seems To Use Debt Quite Sensibly
Sep 18
Qianhe 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¥773.3M).
Long Term Liabilities: 603027's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥46.7M).
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 18.9% to 6.8% over the past 5 years.
Debt Coverage: 603027's debt is well covered by operating cash flow (264.5%).
Interest Coverage: 603027 earns more interest than it pays, so coverage of interest payments is not a concern.