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¥29.9B and total debt of CN¥393.4M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥36.0B and CN¥6.1B respectively. Foshan Haitian Flavouring and Food's EBIT is CN¥6.5B making its interest coverage ratio -11.5. It has cash and short-term investments of CN¥25.8B.
Key information
1.3%
Debt to equity ratio
CN¥393.45m
Debt
| Interest coverage ratio | -11.5x |
| Cash | CN¥25.83b |
| Equity | CN¥29.88b |
| Total liabilities | CN¥6.13b |
| Total assets | CN¥36.01b |
Recent financial health updates
Is Foshan Haitian Flavouring and Food (SHSE:603288) Using Too Much Debt?
Sep 17
Foshan Haitian Flavouring and Food (SHSE:603288) Has A Pretty Healthy Balance Sheet
Jun 07These 4 Measures Indicate That Foshan Haitian Flavouring and Food (SHSE:603288) Is Using Debt Reasonably Well
Feb 28Recent updates
Some Confidence Is Lacking In Foshan Haitian Flavouring and Food Company Ltd.'s (SHSE:603288) P/E
Dec 05Foshan Haitian Flavouring and Food's (SHSE:603288) Profits May Not Reveal Underlying Issues
Nov 04Be Wary Of Foshan Haitian Flavouring and Food (SHSE:603288) And Its Returns On Capital
Oct 02Is Foshan Haitian Flavouring and Food (SHSE:603288) Using Too Much Debt?
Sep 17Earnings Not Telling The Story For Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288)
Aug 27Calculating The Fair Value Of Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288)
Jul 28Returns On Capital Signal Tricky Times Ahead For Foshan Haitian Flavouring and Food (SHSE:603288)
Jun 23Foshan Haitian Flavouring and Food (SHSE:603288) Has A Pretty Healthy Balance Sheet
Jun 07Unpleasant Surprises Could Be In Store For Foshan Haitian Flavouring and Food Company Ltd.'s (SHSE:603288) Shares
May 22Why Foshan Haitian Flavouring and Food's (SHSE:603288) Shaky Earnings Are Just The Beginning Of Its Problems
May 03Calculating The Intrinsic Value Of Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288)
Apr 19These 4 Measures Indicate That Foshan Haitian Flavouring and Food (SHSE:603288) Is Using Debt Reasonably Well
Feb 28Financial Position Analysis
Short Term Liabilities: 603288's short term assets (CN¥28.2B) exceed its short term liabilities (CN¥5.7B).
Long Term Liabilities: 603288's short term assets (CN¥28.2B) exceed its long term liabilities (CN¥403.7M).
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 1.3% over the past 5 years.
Debt Coverage: 603288's debt is well covered by operating cash flow (1690.7%).
Interest Coverage: 603288 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 | 2024/12/22 06:16 |
| End of Day Share Price | 2024/12/20 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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
Foshan Haitian Flavouring and Food Company Ltd. is covered by 49 analysts. 24 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 |
|---|---|
| Jack Chen | BofA Global Research |
| Jian Xiong Lim | CFRA Equity Research |
| Lei Yang | CGS International |