Shenzhen Cereals HoldingsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Cereals HoldingsLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥7.1B and CN¥2.2B respectively. Shenzhen Cereals HoldingsLtd's EBIT is CN¥404.0M making its interest coverage ratio 16.2. It has cash and short-term investments of CN¥240.9M.
Key information
20.5%
Debt to equity ratio
CN¥1.01b
Debt
Interest coverage ratio | 16.2x |
Cash | CN¥240.92m |
Equity | CN¥4.92b |
Total liabilities | CN¥2.20b |
Total assets | CN¥7.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200019's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 200019's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥152.0M).
Debt to Equity History and Analysis
Debt Level: 200019's net debt to equity ratio (15.6%) is considered satisfactory.
Reducing Debt: 200019's debt to equity ratio has increased from 15.2% to 20.5% over the past 5 years.
Debt Coverage: 200019's debt is well covered by operating cash flow (101.9%).
Interest Coverage: 200019's interest payments on its debt are well covered by EBIT (16.2x coverage).