Qingdao Richen FoodLtd Balance Sheet Health
Financial Health criteria checks 5/6
Qingdao Richen FoodLtd has a total shareholder equity of CN¥721.3M and total debt of CN¥221.5M, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are CN¥1.0B and CN¥313.1M respectively. Qingdao Richen FoodLtd's EBIT is CN¥82.0M making its interest coverage ratio 402.4. It has cash and short-term investments of CN¥144.6M.
Key information
30.71%
Debt to equity ratio
CN¥221.49m
Debt
| Interest coverage ratio | 402.4x |
| Cash | CN¥144.59m |
| Equity | CN¥721.26m |
| Total liabilities | CN¥313.13m |
| Total assets | CN¥1.03b |
Recent financial health updates
No updates
Recent updates
There Are Reasons To Feel Uneasy About Qingdao Richen FoodLtd's (SHSE:603755) Returns On Capital
Oct 01
Qingdao Richen Food Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Apr 02Why Investors Shouldn't Be Surprised By Qingdao Richen Food Co.,Ltd.'s (SHSE:603755) P/E
Feb 28Financial Position Analysis
Short Term Liabilities: 603755's short term assets (CN¥275.8M) exceed its short term liabilities (CN¥164.7M).
Long Term Liabilities: 603755's short term assets (CN¥275.8M) exceed its long term liabilities (CN¥148.5M).
Debt to Equity History and Analysis
Debt Level: 603755's net debt to equity ratio (10.7%) is considered satisfactory.
Reducing Debt: 603755's debt to equity ratio has increased from 0% to 30.7% over the past 5 years.
Debt Coverage: 603755's debt is well covered by operating cash flow (37.2%).
Interest Coverage: 603755's interest payments on its debt are well covered by EBIT (402.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/21 01:53 |
| End of Day Share Price | 2025/05/21 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| 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.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Qingdao Richen Food Co.,Ltd. is covered by 5 analysts. 3 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 |
|---|---|
| Huijing Yan | Haitong International Research Limited |
| Yanhai Wang | Minsheng Securities Co. |
| Li Wu | Tianfeng Securities Brokerage Co., Ltd |