Qingdao Richen FoodLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Richen FoodLtd has a total shareholder equity of CN¥714.1M and total debt of CN¥162.3M, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥1.0B and CN¥286.6M respectively. Qingdao Richen FoodLtd's EBIT is CN¥67.2M making its interest coverage ratio -43.3. It has cash and short-term investments of CN¥218.8M.
Key information
22.7%
Debt to equity ratio
CN¥162.27m
Debt
Interest coverage ratio | -43.3x |
Cash | CN¥218.82m |
Equity | CN¥714.14m |
Total liabilities | CN¥286.57m |
Total assets | CN¥1.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603755's short term assets (CN¥334.9M) exceed its short term liabilities (CN¥234.9M).
Long Term Liabilities: 603755's short term assets (CN¥334.9M) exceed its long term liabilities (CN¥51.6M).
Debt to Equity History and Analysis
Debt Level: 603755 has more cash than its total debt.
Reducing Debt: 603755's debt to equity ratio has increased from 0% to 22.7% over the past 5 years.
Debt Coverage: 603755's debt is well covered by operating cash flow (45.4%).
Interest Coverage: 603755 earns more interest than it pays, so coverage of interest payments is not a concern.