Panda Dairy Balance Sheet Health
Financial Health criteria checks 6/6
Panda Dairy has a total shareholder equity of CN¥939.2M and total debt of CN¥20.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥1.0B and CN¥110.1M respectively. Panda Dairy's EBIT is CN¥104.3M making its interest coverage ratio -8.3. It has cash and short-term investments of CN¥468.0M.
Key information
2.1%
Debt to equity ratio
CN¥20.02m
Debt
| Interest coverage ratio | -8.3x |
| Cash | CN¥468.05m |
| Equity | CN¥939.17m |
| Total liabilities | CN¥110.06m |
| Total assets | CN¥1.05b |
Financial Position Analysis
Short Term Liabilities: 300898's short term assets (CN¥668.8M) exceed its short term liabilities (CN¥82.6M).
Long Term Liabilities: 300898's short term assets (CN¥668.8M) exceed its long term liabilities (CN¥27.5M).
Debt to Equity History and Analysis
Debt Level: 300898 has more cash than its total debt.
Reducing Debt: 300898's debt to equity ratio has reduced from 3.6% to 2.1% over the past 5 years.
Debt Coverage: 300898's debt is well covered by operating cash flow (1129.4%).
Interest Coverage: 300898 earns more interest than it pays, so coverage of interest payments is not a concern.