Shenzhen Cereals HoldingsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Cereals HoldingsLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥7.2B and CN¥2.4B respectively. Shenzhen Cereals HoldingsLtd's EBIT is CN¥416.8M making its interest coverage ratio 14.9. It has cash and short-term investments of CN¥293.5M.
Key information
22.7%
Debt to equity ratio
CN¥1.10b
Debt
| Interest coverage ratio | 14.9x |
| Cash | CN¥293.45m |
| Equity | CN¥4.84b |
| Total liabilities | CN¥2.38b |
| Total assets | CN¥7.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000019's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 000019's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥135.4M).
Debt to Equity History and Analysis
Debt Level: 000019's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: 000019's debt to equity ratio has increased from 20.4% to 22.7% over the past 5 years.
Debt Coverage: 000019's debt is well covered by operating cash flow (36.5%).
Interest Coverage: 000019's interest payments on its debt are well covered by EBIT (14.9x coverage).