Zhejiang Yiming Food Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Yiming Food has a total shareholder equity of CN¥1.1B and total debt of CN¥527.6M, which brings its debt-to-equity ratio to 47.2%. Its total assets and total liabilities are CN¥2.8B and CN¥1.7B respectively. Zhejiang Yiming Food's EBIT is CN¥62.0M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥388.1M.
Key information
47.2%
Debt to equity ratio
CN¥527.57m
Debt
| Interest coverage ratio | 3.2x |
| Cash | CN¥388.11m |
| Equity | CN¥1.12b |
| Total liabilities | CN¥1.69b |
| Total assets | CN¥2.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605179's short term assets (CN¥804.2M) do not cover its short term liabilities (CN¥1.5B).
Long Term Liabilities: 605179's short term assets (CN¥804.2M) exceed its long term liabilities (CN¥190.7M).
Debt to Equity History and Analysis
Debt Level: 605179's net debt to equity ratio (12.5%) is considered satisfactory.
Reducing Debt: 605179's debt to equity ratio has increased from 21.1% to 47.2% over the past 5 years.
Debt Coverage: 605179's debt is well covered by operating cash flow (49%).
Interest Coverage: 605179's interest payments on its debt are well covered by EBIT (3.2x coverage).