Springsnow Food Group Balance Sheet Health
Financial Health criteria checks 5/6
Springsnow Food Group has a total shareholder equity of CN¥1.1B and total debt of CN¥469.0M, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are CN¥2.1B and CN¥948.2M respectively. Springsnow Food Group's EBIT is CN¥71.6M making its interest coverage ratio 11.1. It has cash and short-term investments of CN¥383.6M.
Key information
41.4%
Debt to equity ratio
CN¥469.05m
Debt
Interest coverage ratio | 11.1x |
Cash | CN¥383.63m |
Equity | CN¥1.13b |
Total liabilities | CN¥948.23m |
Total assets | CN¥2.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605567's short term assets (CN¥953.1M) exceed its short term liabilities (CN¥885.8M).
Long Term Liabilities: 605567's short term assets (CN¥953.1M) exceed its long term liabilities (CN¥62.5M).
Debt to Equity History and Analysis
Debt Level: 605567's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 605567's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 605567's debt is well covered by operating cash flow (27.3%).
Interest Coverage: 605567's interest payments on its debt are well covered by EBIT (11.1x coverage).