Daodaoquan Grain and OilLtd Balance Sheet Health
Financial Health criteria checks 3/6
Daodaoquan Grain and OilLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 76.4%. Its total assets and total liabilities are CN¥4.4B and CN¥2.3B respectively. Daodaoquan Grain and OilLtd's EBIT is CN¥296.4M making its interest coverage ratio -14.2. It has cash and short-term investments of CN¥421.8M.
Key information
76.4%
Debt to equity ratio
CN¥1.62b
Debt
Interest coverage ratio | -14.2x |
Cash | CN¥421.81m |
Equity | CN¥2.12b |
Total liabilities | CN¥2.26b |
Total assets | CN¥4.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002852's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥2.2B).
Long Term Liabilities: 002852's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥87.3M).
Debt to Equity History and Analysis
Debt Level: 002852's net debt to equity ratio (56.5%) is considered high.
Reducing Debt: 002852's debt to equity ratio has increased from 0% to 76.4% over the past 5 years.
Debt Coverage: 002852's debt is well covered by operating cash flow (240%).
Interest Coverage: 002852 earns more interest than it pays, so coverage of interest payments is not a concern.