Yantai China Pet Foods Co., Ltd.

XSEC:002891 Stock Report

Market Cap: CN¥9.4b

Yantai China Pet Foods Balance Sheet Health

Financial Health criteria checks 6/6

Yantai China Pet Foods has a total shareholder equity of CN¥2.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are CN¥4.3B and CN¥1.7B respectively. Yantai China Pet Foods's EBIT is CN¥423.9M making its interest coverage ratio -13.5. It has cash and short-term investments of CN¥578.0M.

Key information

42.8%

Debt to equity ratio

CN¥1.13b

Debt

Interest coverage ratio-13.5x
CashCN¥577.99m
EquityCN¥2.64b
Total liabilitiesCN¥1.68b
Total assetsCN¥4.32b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 002891's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥902.9M).

Long Term Liabilities: 002891's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥782.0M).


Debt to Equity History and Analysis

Debt Level: 002891's net debt to equity ratio (20.9%) is considered satisfactory.

Reducing Debt: 002891's debt to equity ratio has reduced from 46.1% to 42.8% over the past 5 years.

Debt Coverage: 002891's debt is well covered by operating cash flow (31.5%).

Interest Coverage: 002891 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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