Shenzhen Cereals HoldingsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Cereals HoldingsLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CN¥7.4B and CN¥2.5B respectively. Shenzhen Cereals HoldingsLtd's EBIT is CN¥404.6M making its interest coverage ratio 15.6. It has cash and short-term investments of CN¥265.2M.
Key information
25.1%
Debt to equity ratio
CN¥1.22b
Debt
Interest coverage ratio | 15.6x |
Cash | CN¥265.17m |
Equity | CN¥4.88b |
Total liabilities | CN¥2.52b |
Total assets | CN¥7.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000019's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 000019's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥149.5M).
Debt to Equity History and Analysis
Debt Level: 000019's net debt to equity ratio (19.6%) is considered satisfactory.
Reducing Debt: 000019's debt to equity ratio has increased from 15.3% to 25.1% over the past 5 years.
Debt Coverage: 000019's debt is well covered by operating cash flow (83.8%).
Interest Coverage: 000019's interest payments on its debt are well covered by EBIT (15.6x coverage).