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¥1.5B, which brings its debt-to-equity ratio to 30.9%. Its total assets and total liabilities are CN¥7.4B and CN¥2.6B respectively. Shenzhen Cereals HoldingsLtd's EBIT is CN¥374.8M making its interest coverage ratio 15.6. It has cash and short-term investments of CN¥76.7M.
Key information
30.9%
Debt to equity ratio
CN¥1.47b
Debt
| Interest coverage ratio | 15.6x |
| Cash | CN¥76.75m |
| Equity | CN¥4.76b |
| Total liabilities | CN¥2.63b |
| Total assets | CN¥7.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000019's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 000019's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥141.1M).
Debt to Equity History and Analysis
Debt Level: 000019's net debt to equity ratio (29.3%) is considered satisfactory.
Reducing Debt: 000019's debt to equity ratio has increased from 19.5% to 30.9% over the past 5 years.
Debt Coverage: 000019's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 000019's interest payments on its debt are well covered by EBIT (15.6x coverage).