Jiangsu Yike Food GroupLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Yike Food GroupLtd has a total shareholder equity of CN¥1.9B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 81.5%. Its total assets and total liabilities are CN¥5.1B and CN¥3.2B respectively. Jiangsu Yike Food GroupLtd's EBIT is CN¥25.6M making its interest coverage ratio 92. It has cash and short-term investments of CN¥508.2M.
Key information
81.5%
Debt to equity ratio
CN¥1.54b
Debt
Interest coverage ratio | 92x |
Cash | CN¥508.21m |
Equity | CN¥1.89b |
Total liabilities | CN¥3.18b |
Total assets | CN¥5.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301116's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 301116's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥893.9M).
Debt to Equity History and Analysis
Debt Level: 301116's net debt to equity ratio (54.5%) is considered high.
Reducing Debt: 301116's debt to equity ratio has increased from 26.1% to 81.5% over the past 5 years.
Debt Coverage: 301116's debt is well covered by operating cash flow (30.9%).
Interest Coverage: 301116's interest payments on its debt are well covered by EBIT (92x coverage).