Shanghai Ziyan Foods Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Ziyan Foods has a total shareholder equity of CN¥2.0B and total debt of CN¥449.6M, which brings its debt-to-equity ratio to 22.4%. Its total assets and total liabilities are CN¥3.4B and CN¥1.4B respectively. Shanghai Ziyan Foods's EBIT is CN¥326.7M making its interest coverage ratio 1717.5. It has cash and short-term investments of CN¥1.5B.
Key information
22.4%
Debt to equity ratio
CN¥449.60m
Debt
| Interest coverage ratio | 1717.5x |
| Cash | CN¥1.45b |
| Equity | CN¥2.01b |
| Total liabilities | CN¥1.39b |
| Total assets | CN¥3.40b |
Recent financial health updates
Recent updates
Is Shanghai Ziyan Foods Co., Ltd. (SHSE:603057) Trading At A 31% Discount?
Aug 29
Shanghai Ziyan Foods (SHSE:603057) Could Easily Take On More Debt
Aug 07Shanghai Ziyan Foods (SHSE:603057) Will Want To Turn Around Its Return Trends
May 24We Think You Should Be Aware Of Some Concerning Factors In Shanghai Ziyan Foods' (SHSE:603057) Earnings
Apr 26Is Shanghai Ziyan Foods Co., Ltd. (SHSE:603057) Trading At A 29% Discount?
Apr 15Financial Position Analysis
Short Term Liabilities: 603057's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603057's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥238.1M).
Debt to Equity History and Analysis
Debt Level: 603057 has more cash than its total debt.
Reducing Debt: 603057's debt to equity ratio has reduced from 26.9% to 22.4% over the past 5 years.
Debt Coverage: 603057's debt is well covered by operating cash flow (96.4%).
Interest Coverage: 603057's interest payments on its debt are well covered by EBIT (1717.5x coverage).