Shandong Minhe Animal Husbandry Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Minhe Animal Husbandry has a total shareholder equity of CN¥2.1B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are CN¥3.9B and CN¥1.9B respectively.
Key information
70.8%
Debt to equity ratio
CN¥1.46b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥775.92m |
| Equity | CN¥2.06b |
| Total liabilities | CN¥1.87b |
| Total assets | CN¥3.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002234's short term assets (CN¥1.4B) do not cover its short term liabilities (CN¥1.7B).
Long Term Liabilities: 002234's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥140.9M).
Debt to Equity History and Analysis
Debt Level: 002234's net debt to equity ratio (33.1%) is considered satisfactory.
Reducing Debt: 002234's debt to equity ratio has increased from 21% to 70.8% over the past 5 years.
Debt Coverage: 002234's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002234's interest payments on its debt are well covered by EBIT.