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¥28.5B and total debt of CN¥664.8M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥35.2B and CN¥6.6B respectively. Foshan Haitian Flavouring and Food's EBIT is CN¥6.2B making its interest coverage ratio -10.6. It has cash and short-term investments of CN¥25.0B.
Key information
2.3%
Debt to equity ratio
CN¥664.78m
Debt
| Interest coverage ratio | -10.6x |
| Cash | CN¥25.01b |
| Equity | CN¥28.53b |
| Total liabilities | CN¥6.64b |
| Total assets | CN¥35.17b |
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
Is 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¥27.3B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 603288's short term assets (CN¥27.3B) exceed its long term liabilities (CN¥416.5M).
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 2.3% over the past 5 years.
Debt Coverage: 603288's debt is well covered by operating cash flow (886.8%).
Interest Coverage: 603288 earns more interest than it pays, so coverage of interest payments is not a concern.