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¥1.1B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are CN¥4.0B and CN¥1.6B respectively. Yantai China Pet Foods's EBIT is CN¥404.3M making its interest coverage ratio 47.4. It has cash and short-term investments of CN¥385.8M.
Key information
44.2%
Debt to equity ratio
CN¥1.08b
Debt
| Interest coverage ratio | 47.4x |
| Cash | CN¥385.75m |
| Equity | CN¥2.44b |
| Total liabilities | CN¥1.58b |
| Total assets | CN¥4.02b |
Recent financial health updates
Recent updates
Here's Why Yantai China Pet Foods (SZSE:002891) Can Manage Its Debt Responsibly
Sep 27
Is 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¥1.6B) exceed its short term liabilities (CN¥799.9M).
Long Term Liabilities: 002891's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥784.3M).
Debt to Equity History and Analysis
Debt Level: 002891's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: 002891's debt to equity ratio has reduced from 47.2% to 44.2% over the past 5 years.
Debt Coverage: 002891's debt is well covered by operating cash flow (38.8%).
Interest Coverage: 002891's interest payments on its debt are well covered by EBIT (47.4x coverage).