Shanghai Bolex Food Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Bolex Food Technology has a total shareholder equity of CN¥1.6B and total debt of CN¥58.1M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥2.0B and CN¥405.9M respectively. Shanghai Bolex Food Technology's EBIT is CN¥348.5M making its interest coverage ratio -2126. It has cash and short-term investments of CN¥588.5M.
Key information
3.7%
Debt to equity ratio
CN¥58.06m
Debt
| Interest coverage ratio | -2126x |
| Cash | CN¥588.47m |
| Equity | CN¥1.57b |
| Total liabilities | CN¥405.92m |
| Total assets | CN¥1.97b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603170's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥322.0M).
Long Term Liabilities: 603170's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥83.9M).
Debt to Equity History and Analysis
Debt Level: 603170 has more cash than its total debt.
Reducing Debt: 603170's debt to equity ratio has reduced from 50.4% to 3.7% over the past 5 years.
Debt Coverage: 603170's debt is well covered by operating cash flow (316.7%).
Interest Coverage: 603170 earns more interest than it pays, so coverage of interest payments is not a concern.