Qinghai Huzhu TianYouDe Highland Barley Spirit Balance Sheet Health
Financial Health criteria checks 5/6
Qinghai Huzhu TianYouDe Highland Barley Spirit has a total shareholder equity of CN¥2.9B and total debt of CN¥109.5M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥3.5B and CN¥538.5M respectively. Qinghai Huzhu TianYouDe Highland Barley Spirit's EBIT is CN¥166.4M making its interest coverage ratio -30.2. It has cash and short-term investments of CN¥643.6M.
Key information
3.7%
Debt to equity ratio
CN¥109.47m
Debt
Interest coverage ratio | -30.2x |
Cash | CN¥643.58m |
Equity | CN¥2.92b |
Total liabilities | CN¥538.49m |
Total assets | CN¥3.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002646's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥495.8M).
Long Term Liabilities: 002646's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥42.7M).
Debt to Equity History and Analysis
Debt Level: 002646 has more cash than its total debt.
Reducing Debt: 002646's debt to equity ratio has increased from 0% to 3.7% over the past 5 years.
Debt Coverage: 002646's debt is well covered by operating cash flow (168.5%).
Interest Coverage: 002646 earns more interest than it pays, so coverage of interest payments is not a concern.