Petpal Pet Nutrition Technology Balance Sheet Health
Financial Health criteria checks 5/6
Petpal Pet Nutrition Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥811.7M, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are CN¥2.9B and CN¥1.0B respectively. Petpal Pet Nutrition Technology's EBIT is CN¥90.5M making its interest coverage ratio 8. It has cash and short-term investments of CN¥789.6M.
Key information
43.4%
Debt to equity ratio
CN¥811.70m
Debt
| Interest coverage ratio | 8x |
| Cash | CN¥789.60m |
| Equity | CN¥1.87b |
| Total liabilities | CN¥1.04b |
| Total assets | CN¥2.91b |
Financial Position Analysis
Short Term Liabilities: 300673's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥262.0M).
Long Term Liabilities: 300673's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥781.7M).
Debt to Equity History and Analysis
Debt Level: 300673's net debt to equity ratio (1.2%) is considered satisfactory.
Reducing Debt: 300673's debt to equity ratio has increased from 1.1% to 43.4% over the past 5 years.
Debt Coverage: 300673's debt is well covered by operating cash flow (23.9%).
Interest Coverage: 300673's interest payments on its debt are well covered by EBIT (8x coverage).