Ligao FoodsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Ligao FoodsLtd has a total shareholder equity of CN¥2.6B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 39.2%. Its total assets and total liabilities are CN¥4.0B and CN¥1.5B respectively. Ligao FoodsLtd's EBIT is CN¥140.4M making its interest coverage ratio 21.2. It has cash and short-term investments of CN¥1.1B.
Key information
39.2%
Debt to equity ratio
CN¥1.00b
Debt
| Interest coverage ratio | 21.2x |
| Cash | CN¥1.09b |
| Equity | CN¥2.56b |
| Total liabilities | CN¥1.48b |
| Total assets | CN¥4.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300973's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥609.5M).
Long Term Liabilities: 300973's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥871.5M).
Debt to Equity History and Analysis
Debt Level: 300973 has more cash than its total debt.
Reducing Debt: 300973's debt to equity ratio has increased from 14.2% to 39.2% over the past 5 years.
Debt Coverage: 300973's debt is well covered by operating cash flow (42.3%).
Interest Coverage: 300973's interest payments on its debt are well covered by EBIT (21.2x coverage).