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¥516.5M, which brings its debt-to-equity ratio to 46.6%. Its total assets and total liabilities are CN¥2.7B and CN¥1.6B respectively. Zhejiang Yiming Food's EBIT is CN¥62.4M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥354.9M.
Key information
46.6%
Debt to equity ratio
CN¥516.49m
Debt
| Interest coverage ratio | 3.8x |
| Cash | CN¥354.85m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥1.63b |
| Total assets | CN¥2.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605179's short term assets (CN¥709.7M) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 605179's short term assets (CN¥709.7M) exceed its long term liabilities (CN¥225.8M).
Debt to Equity History and Analysis
Debt Level: 605179's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 605179's debt to equity ratio has increased from 10.7% to 46.6% over the past 5 years.
Debt Coverage: 605179's debt is well covered by operating cash flow (57.3%).
Interest Coverage: 605179's interest payments on its debt are well covered by EBIT (3.8x coverage).