Shandong Zhonglu Oceanic Fisheries Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Zhonglu Oceanic Fisheries has a total shareholder equity of CN¥1.3B and total debt of CN¥481.4M, which brings its debt-to-equity ratio to 37.6%. Its total assets and total liabilities are CN¥2.1B and CN¥818.2M respectively. Shandong Zhonglu Oceanic Fisheries's EBIT is CN¥119.2M making its interest coverage ratio 15.2. It has cash and short-term investments of CN¥243.6M.
Key information
37.6%
Debt to equity ratio
CN¥481.41m
Debt
Interest coverage ratio | 15.2x |
Cash | CN¥243.63m |
Equity | CN¥1.28b |
Total liabilities | CN¥818.20m |
Total assets | CN¥2.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 200992's short term assets (CN¥904.2M) exceed its short term liabilities (CN¥368.6M).
Long Term Liabilities: 200992's short term assets (CN¥904.2M) exceed its long term liabilities (CN¥449.6M).
Debt to Equity History and Analysis
Debt Level: 200992's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 200992's debt to equity ratio has increased from 9.3% to 37.6% over the past 5 years.
Debt Coverage: 200992's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 200992's interest payments on its debt are well covered by EBIT (15.2x coverage).