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¥2.9B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are CN¥6.2B and CN¥3.3B respectively. Chen Ke Ming Food Manufacturing's EBIT is CN¥111.7M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥711.3M.
Key information
69.7%
Debt to equity ratio
CN¥2.01b
Debt
| Interest coverage ratio | 1.3x |
| Cash | CN¥711.33m |
| Equity | CN¥2.89b |
| Total liabilities | CN¥3.34b |
| Total assets | CN¥6.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002661's short term assets (CN¥1.6B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002661's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 002661's net debt to equity ratio (45.1%) is considered high.
Reducing Debt: 002661's debt to equity ratio has increased from 49.1% to 69.7% over the past 5 years.
Debt Coverage: 002661's debt is well covered by operating cash flow (43.4%).
Interest Coverage: 002661's interest payments on its debt are not well covered by EBIT (1.3x coverage).