Yantai China Pet Foods Balance Sheet Health
Financial Health criteria checks 6/6
Yantai China Pet Foods has a total shareholder equity of CN¥2.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are CN¥4.3B and CN¥1.7B respectively. Yantai China Pet Foods's EBIT is CN¥423.9M making its interest coverage ratio -13.5. It has cash and short-term investments of CN¥578.0M.
Key information
42.8%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | -13.5x |
| Cash | CN¥577.99m |
| Equity | CN¥2.64b |
| Total liabilities | CN¥1.68b |
| Total assets | CN¥4.32b |
Recent financial health updates
Recent updates
Yantai China Pet Foods' (SZSE:002891) Returns On Capital Are Heading Higher
Nov 19
Yantai China Pet Foods Co., Ltd. (SZSE:002891) Held Back By Insufficient Growth Even After Shares Climb 27%
Nov 04Here's Why Yantai China Pet Foods (SZSE:002891) Can Manage Its Debt Responsibly
Sep 27Is Yantai China Pet Foods Co., Ltd. (SZSE:002891) Trading At A 46% Discount?
Jul 24Yantai China Pet Foods (SZSE:002891) Is Increasing Its Dividend To CN¥0.24
May 31Returns On Capital At Yantai China Pet Foods (SZSE:002891) Have Stalled
Apr 04Financial Position Analysis
Short Term Liabilities: 002891's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥902.9M).
Long Term Liabilities: 002891's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥782.0M).
Debt to Equity History and Analysis
Debt Level: 002891's net debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: 002891's debt to equity ratio has reduced from 46.1% to 42.8% over the past 5 years.
Debt Coverage: 002891's debt is well covered by operating cash flow (31.5%).
Interest Coverage: 002891 earns more interest than it pays, so coverage of interest payments is not a concern.