Shandong Minhe Animal Husbandry Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Minhe Animal Husbandry has a total shareholder equity of CN¥2.2B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are CN¥3.8B and CN¥1.6B respectively.
Key information
53.5%
Debt to equity ratio
CN¥1.20b
Debt
Interest coverage ratio | n/a |
Cash | CN¥630.41m |
Equity | CN¥2.24b |
Total liabilities | CN¥1.55b |
Total assets | CN¥3.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002234's short term assets (CN¥1.3B) do not cover its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002234's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥119.3M).
Debt to Equity History and Analysis
Debt Level: 002234's net debt to equity ratio (25.3%) is considered satisfactory.
Reducing Debt: 002234's debt to equity ratio has increased from 49.1% to 53.5% over the past 5 years.
Debt Coverage: 002234's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002234's interest payments on its debt are well covered by EBIT.