Zhengzhou Qianweiyangchu Food Balance Sheet Health
Financial Health criteria checks 5/6
Zhengzhou Qianweiyangchu Food has a total shareholder equity of CN¥1.1B and total debt of CN¥205.3M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥1.7B and CN¥578.9M respectively. Zhengzhou Qianweiyangchu Food's EBIT is CN¥150.2M making its interest coverage ratio 29. It has cash and short-term investments of CN¥156.4M.
Key information
18.0%
Debt to equity ratio
CN¥205.27m
Debt
Interest coverage ratio | 29x |
Cash | CN¥156.41m |
Equity | CN¥1.14b |
Total liabilities | CN¥578.89m |
Total assets | CN¥1.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 001215's short term assets (CN¥557.7M) exceed its short term liabilities (CN¥350.0M).
Long Term Liabilities: 001215's short term assets (CN¥557.7M) exceed its long term liabilities (CN¥228.9M).
Debt to Equity History and Analysis
Debt Level: 001215's net debt to equity ratio (4.3%) is considered satisfactory.
Reducing Debt: 001215's debt to equity ratio has increased from 0% to 18% over the past 5 years.
Debt Coverage: 001215's debt is well covered by operating cash flow (73.9%).
Interest Coverage: 001215's interest payments on its debt are well covered by EBIT (29x coverage).