Yantai China Pet Foods Balance Sheet Health
Financial Health criteria checks 6/6
Yantai China Pet Foods has a total shareholder equity of CN¥2.4B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥4.1B and CN¥1.6B respectively. Yantai China Pet Foods's EBIT is CN¥435.3M making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥526.2M.
Key information
48.5%
Debt to equity ratio
CN¥1.17b
Debt
| Interest coverage ratio | -15.9x |
| Cash | CN¥526.16m |
| Equity | CN¥2.41b |
| Total liabilities | CN¥1.65b |
| Total assets | CN¥4.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002891's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥866.0M).
Long Term Liabilities: 002891's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥782.6M).
Debt to Equity History and Analysis
Debt Level: 002891's net debt to equity ratio (26.7%) is considered satisfactory.
Reducing Debt: 002891's debt to equity ratio has reduced from 57.2% to 48.5% over the past 5 years.
Debt Coverage: 002891's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 002891 earns more interest than it pays, so coverage of interest payments is not a concern.