Shandong Huifa FoodstuffLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Huifa FoodstuffLtd has a total shareholder equity of CN¥520.3M and total debt of CN¥530.7M, which brings its debt-to-equity ratio to 102%. Its total assets and total liabilities are CN¥1.5B and CN¥999.7M respectively. Shandong Huifa FoodstuffLtd's EBIT is CN¥46.4M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥314.8M.
Key information
102.0%
Debt to equity ratio
CN¥530.74m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥314.80m |
| Equity | CN¥520.25m |
| Total liabilities | CN¥999.74m |
| Total assets | CN¥1.52b |
Financial Position Analysis
Short Term Liabilities: 603536's short term assets (CN¥723.2M) do not cover its short term liabilities (CN¥933.1M).
Long Term Liabilities: 603536's short term assets (CN¥723.2M) exceed its long term liabilities (CN¥66.6M).
Debt to Equity History and Analysis
Debt Level: 603536's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: 603536's debt to equity ratio has increased from 45.6% to 102% over the past 5 years.
Debt Coverage: 603536's debt is well covered by operating cash flow (31.1%).
Interest Coverage: 603536's interest payments on its debt are not well covered by EBIT (2.4x coverage).