Ganyuan Foods Balance Sheet Health
Financial Health criteria checks 5/6
Ganyuan Foods has a total shareholder equity of CN¥1.6B and total debt of CN¥40.0M, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are CN¥2.1B and CN¥441.7M respectively. Ganyuan Foods's EBIT is CN¥386.6M making its interest coverage ratio -16.4. It has cash and short-term investments of CN¥789.9M.
Key information
2.5%
Debt to equity ratio
CN¥40.00m
Debt
| Interest coverage ratio | -16.4x |
| Cash | CN¥789.93m |
| Equity | CN¥1.62b |
| Total liabilities | CN¥441.69m |
| Total assets | CN¥2.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002991's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥320.0M).
Long Term Liabilities: 002991's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥121.7M).
Debt to Equity History and Analysis
Debt Level: 002991 has more cash than its total debt.
Reducing Debt: 002991's debt to equity ratio has increased from 0% to 2.5% over the past 5 years.
Debt Coverage: 002991's debt is well covered by operating cash flow (888.7%).
Interest Coverage: 002991 earns more interest than it pays, so coverage of interest payments is not a concern.