New Hope Dairy Balance Sheet Health
Financial Health criteria checks 2/6
New Hope Dairy has a total shareholder equity of CN¥2.7B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 150.1%. Its total assets and total liabilities are CN¥9.0B and CN¥6.3B respectively. New Hope Dairy's EBIT is CN¥776.8M making its interest coverage ratio -128.4. It has cash and short-term investments of CN¥565.2M.
Key information
150.1%
Debt to equity ratio
CN¥4.00b
Debt
| Interest coverage ratio | -128.4x |
| Cash | CN¥565.25m |
| Equity | CN¥2.66b |
| Total liabilities | CN¥6.33b |
| Total assets | CN¥8.99b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002946's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥4.1B).
Long Term Liabilities: 002946's short term assets (CN¥2.1B) do not cover its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 002946's net debt to equity ratio (128.9%) is considered high.
Reducing Debt: 002946's debt to equity ratio has increased from 67.1% to 150.1% over the past 5 years.
Debt Coverage: 002946's debt is well covered by operating cash flow (33.5%).
Interest Coverage: 002946 earns more interest than it pays, so coverage of interest payments is not a concern.