Heilongjiang Agriculture Balance Sheet Health
Financial Health criteria checks 6/6
Heilongjiang Agriculture has a total shareholder equity of CN¥7.3B and total debt of CN¥3.1M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥8.7B and CN¥1.4B respectively. Heilongjiang Agriculture's EBIT is CN¥1.1B making its interest coverage ratio -5.8. It has cash and short-term investments of CN¥3.4B.
Key information
0.04%
Debt to equity ratio
CN¥3.12m
Debt
Interest coverage ratio | -5.8x |
Cash | CN¥3.37b |
Equity | CN¥7.30b |
Total liabilities | CN¥1.40b |
Total assets | CN¥8.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600598's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600598's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥164.1M).
Debt to Equity History and Analysis
Debt Level: 600598 has more cash than its total debt.
Reducing Debt: 600598's debt to equity ratio has reduced from 0.07% to 0.04% over the past 5 years.
Debt Coverage: 600598's debt is well covered by operating cash flow (48512.8%).
Interest Coverage: 600598 earns more interest than it pays, so coverage of interest payments is not a concern.