Chen Ke Ming Food Manufacturing Balance Sheet Health
Financial Health criteria checks 2/6
Chen Ke Ming Food Manufacturing has a total shareholder equity of CN¥2.8B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are CN¥6.1B and CN¥3.2B respectively.
Key information
76.4%
Debt to equity ratio
CN¥2.16b
Debt
Interest coverage ratio | n/a |
Cash | CN¥870.82m |
Equity | CN¥2.83b |
Total liabilities | CN¥3.23b |
Total assets | CN¥6.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002661's short term assets (CN¥1.5B) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002661's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002661's net debt to equity ratio (45.6%) is considered high.
Reducing Debt: 002661's debt to equity ratio has increased from 54.3% to 76.4% over the past 5 years.
Debt Coverage: 002661's debt is well covered by operating cash flow (35.9%).
Interest Coverage: Insufficient data to determine if 002661's interest payments on its debt are well covered by EBIT.