Qingdao Foods Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Foods has a total shareholder equity of CN¥974.6M and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.1B and CN¥99.8M respectively. Qingdao Foods's EBIT is CN¥87.7M making its interest coverage ratio -3.7. It has cash and short-term investments of CN¥962.5M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -3.7x |
| Cash | CN¥962.48m |
| Equity | CN¥974.63m |
| Total liabilities | CN¥99.81m |
| Total assets | CN¥1.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 001219's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥98.9M).
Long Term Liabilities: 001219's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥939.3K).
Debt to Equity History and Analysis
Debt Level: 001219 is debt free.
Reducing Debt: 001219 has not had any debt for past 5 years.
Debt Coverage: 001219 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 001219 has no debt, therefore coverage of interest payments is not a concern.