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¥9.8M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥1.7B and CN¥204.8M respectively. Shanghai Hi-Road Food Technology's EBIT is CN¥87.2M making its interest coverage ratio -3.4. It has cash and short-term investments of CN¥992.4M.
Key information
0.6%
Debt to equity ratio
CN¥9.80m
Debt
Interest coverage ratio | -3.4x |
Cash | CN¥992.43m |
Equity | CN¥1.54b |
Total liabilities | CN¥204.79m |
Total assets | CN¥1.74b |
Financial Position Analysis
Short Term Liabilities: 300915's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥156.0M).
Long Term Liabilities: 300915's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥48.8M).
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 3.5% to 0.6% over the past 5 years.
Debt Coverage: 300915's debt is well covered by operating cash flow (1279.5%).
Interest Coverage: 300915 earns more interest than it pays, so coverage of interest payments is not a concern.