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¥1.7B, which brings its debt-to-equity ratio to 79.7%. Its total assets and total liabilities are CN¥4.8B and CN¥2.8B respectively. Daodaoquan Grain and OilLtd's EBIT is CN¥147.1M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥688.7M.
Key information
79.7%
Debt to equity ratio
CN¥1.66b
Debt
| Interest coverage ratio | 4.6x |
| Cash | CN¥688.65m |
| Equity | CN¥2.09b |
| Total liabilities | CN¥2.75b |
| Total assets | CN¥4.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002852's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002852's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥83.5M).
Debt to Equity History and Analysis
Debt Level: 002852's net debt to equity ratio (46.7%) is considered high.
Reducing Debt: 002852's debt to equity ratio has increased from 0% to 79.7% over the past 5 years.
Debt Coverage: 002852's debt is well covered by operating cash flow (220.5%).
Interest Coverage: 002852's interest payments on its debt are well covered by EBIT (4.6x coverage).