HaiXin FoodsLtd Balance Sheet Health
Financial Health criteria checks 3/6
HaiXin FoodsLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥378.3M, which brings its debt-to-equity ratio to 33.8%. Its total assets and total liabilities are CN¥2.1B and CN¥952.1M respectively.
Key information
33.8%
Debt to equity ratio
CN¥378.27m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥223.11m |
| Equity | CN¥1.12b |
| Total liabilities | CN¥952.07m |
| Total assets | CN¥2.07b |
Recent financial health updates
No updates
Recent updates
Revenues Not Telling The Story For HaiXin Foods Co.,Ltd (SZSE:002702) After Shares Rise 33%
Dec 11
Pinning Down HaiXin Foods Co.,Ltd's (SZSE:002702) P/S Is Difficult Right Now
Oct 15HaiXin FoodsLtd's (SZSE:002702) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 01Subdued Growth No Barrier To HaiXin Foods Co.,Ltd (SZSE:002702) With Shares Advancing 33%
Apr 08Returns On Capital Signal Tricky Times Ahead For HaiXin FoodsLtd (SZSE:002702)
Apr 04Financial Position Analysis
Short Term Liabilities: 002702's short term assets (CN¥956.0M) exceed its short term liabilities (CN¥703.6M).
Long Term Liabilities: 002702's short term assets (CN¥956.0M) exceed its long term liabilities (CN¥248.5M).
Debt to Equity History and Analysis
Debt Level: 002702's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: 002702's debt to equity ratio has increased from 0% to 33.8% over the past 5 years.
Debt Coverage: 002702's debt is not well covered by operating cash flow (16.4%).
Interest Coverage: Insufficient data to determine if 002702's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 12:37 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HaiXin Foods Co.,Ltd is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Qiwei Wang | Changjiang Securities Co. LTD. |
| Rui Xie | Ping An Securities Co. Ltd. |