Jiahe Foods Industry Balance Sheet Health
Financial Health criteria checks 5/6
Jiahe Foods Industry has a total shareholder equity of CN¥2.2B and total debt of CN¥555.1M, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are CN¥3.2B and CN¥954.3M respectively. Jiahe Foods Industry's EBIT is CN¥317.5M making its interest coverage ratio -203.3. It has cash and short-term investments of CN¥1.4B.
Key information
24.7%
Debt to equity ratio
CN¥555.14m
Debt
Interest coverage ratio | -203.3x |
Cash | CN¥1.41b |
Equity | CN¥2.25b |
Total liabilities | CN¥954.27m |
Total assets | CN¥3.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605300's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥889.3M).
Long Term Liabilities: 605300's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥65.0M).
Debt to Equity History and Analysis
Debt Level: 605300 has more cash than its total debt.
Reducing Debt: 605300's debt to equity ratio has increased from 0% to 24.7% over the past 5 years.
Debt Coverage: 605300's debt is well covered by operating cash flow (53%).
Interest Coverage: 605300 earns more interest than it pays, so coverage of interest payments is not a concern.