Foshan Haitian Flavouring and Food Balance Sheet Health
Financial Health criteria checks 5/6
Foshan Haitian Flavouring and Food has a total shareholder equity of CN¥30.7B and total debt of CN¥683.1M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥37.0B and CN¥6.3B respectively. Foshan Haitian Flavouring and Food's EBIT is CN¥6.1B making its interest coverage ratio -10.1. It has cash and short-term investments of CN¥26.9B.
Key information
2.2%
Debt to equity ratio
CN¥683.12m
Debt
| Interest coverage ratio | -10.1x |
| Cash | CN¥26.85b |
| Equity | CN¥30.70b |
| Total liabilities | CN¥6.29b |
| Total assets | CN¥37.00b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 603288's short term assets (CN¥29.3B) exceed its short term liabilities (CN¥5.8B).
Long Term Liabilities: 603288's short term assets (CN¥29.3B) exceed its long term liabilities (CN¥447.2M).
Debt to Equity History and Analysis
Debt Level: 603288 has more cash than its total debt.
Reducing Debt: 603288's debt to equity ratio has increased from 0.1% to 2.2% over the past 5 years.
Debt Coverage: 603288's debt is well covered by operating cash flow (839.9%).
Interest Coverage: 603288 earns more interest than it pays, so coverage of interest payments is not a concern.