Zhongjing Food Balance Sheet Health
Financial Health criteria checks 6/6
Zhongjing Food has a total shareholder equity of CN¥1.7B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥1.9B and CN¥207.8M respectively. Zhongjing Food's EBIT is CN¥183.7M making its interest coverage ratio -8.3. It has cash and short-term investments of CN¥776.1M.
Key information
0.6%
Debt to equity ratio
CN¥10.01m
Debt
| Interest coverage ratio | -8.3x |
| Cash | CN¥776.12m |
| Equity | CN¥1.73b |
| Total liabilities | CN¥207.76m |
| Total assets | CN¥1.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300908's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥179.8M).
Long Term Liabilities: 300908's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥27.9M).
Debt to Equity History and Analysis
Debt Level: 300908 has more cash than its total debt.
Reducing Debt: 300908's debt to equity ratio has reduced from 18% to 0.6% over the past 5 years.
Debt Coverage: 300908's debt is well covered by operating cash flow (3439.3%).
Interest Coverage: 300908 earns more interest than it pays, so coverage of interest payments is not a concern.