Yantai Changyu Pioneer Wine Balance Sheet Health
Financial Health criteria checks 6/6
Yantai Changyu Pioneer Wine has a total shareholder equity of CN¥11.1B and total debt of CN¥446.4M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥12.9B and CN¥1.7B respectively. Yantai Changyu Pioneer Wine's EBIT is CN¥555.5M making its interest coverage ratio -41.2. It has cash and short-term investments of CN¥2.1B.
Key information
4.0%
Debt to equity ratio
CN¥446.37m
Debt
Interest coverage ratio | -41.2x |
Cash | CN¥2.06b |
Equity | CN¥11.15b |
Total liabilities | CN¥1.74b |
Total assets | CN¥12.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000869's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 000869's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥175.6M).
Debt to Equity History and Analysis
Debt Level: 000869 has more cash than its total debt.
Reducing Debt: 000869's debt to equity ratio has reduced from 10% to 4% over the past 5 years.
Debt Coverage: 000869's debt is well covered by operating cash flow (173.4%).
Interest Coverage: 000869 earns more interest than it pays, so coverage of interest payments is not a concern.