Ligao FoodsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ligao FoodsLtd has a total shareholder equity of CN¥2.5B and total debt of CN¥937.5M, which brings its debt-to-equity ratio to 37.2%. Its total assets and total liabilities are CN¥3.9B and CN¥1.4B respectively. Ligao FoodsLtd's EBIT is CN¥170.6M making its interest coverage ratio -37.4. It has cash and short-term investments of CN¥1.2B.
Key information
37.2%
Debt to equity ratio
CN¥937.48m
Debt
Interest coverage ratio | -37.4x |
Cash | CN¥1.17b |
Equity | CN¥2.52b |
Total liabilities | CN¥1.39b |
Total assets | CN¥3.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300973's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥480.7M).
Long Term Liabilities: 300973's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥905.0M).
Debt to Equity History and Analysis
Debt Level: 300973 has more cash than its total debt.
Reducing Debt: 300973's debt to equity ratio has increased from 18.2% to 37.2% over the past 5 years.
Debt Coverage: 300973's debt is well covered by operating cash flow (36.7%).
Interest Coverage: 300973 earns more interest than it pays, so coverage of interest payments is not a concern.