Shanghai Hi-Road Food Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Hi-Road Food Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥1.7B and CN¥200.7M respectively. Shanghai Hi-Road Food Technology's EBIT is CN¥107.2M making its interest coverage ratio -4.4. It has cash and short-term investments of CN¥904.3M.
Key information
0.7%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -4.4x |
| Cash | CN¥904.34m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥200.68m |
| Total assets | CN¥1.73b |
Recent financial health updates
No updates
Recent updates
Shanghai Hi-Road Food Technology's (SZSE:300915) Solid Profits Have Weak Fundamentals
Nov 06
Shanghai Hi-Road Food Technology Co., Ltd. (SZSE:300915) Looks Inexpensive But Perhaps Not Attractive Enough
Sep 26Investors Shouldn't Be Too Comfortable With Shanghai Hi-Road Food Technology's (SZSE:300915) Earnings
Apr 30Subdued Growth No Barrier To Shanghai Hi-Road Food Technology Co., Ltd. (SZSE:300915) With Shares Advancing 26%
Apr 03Financial Position Analysis
Short Term Liabilities: 300915's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥153.1M).
Long Term Liabilities: 300915's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥47.6M).
Debt to Equity History and Analysis
Debt Level: 300915 has more cash than its total debt.
Reducing Debt: 300915's debt to equity ratio has reduced from 1.1% to 0.7% over the past 5 years.
Debt Coverage: 300915's debt is well covered by operating cash flow (1321.5%).
Interest Coverage: 300915 earns more interest than it pays, so coverage of interest payments is not a concern.