Heilongjiang Agriculture Balance Sheet Health
Financial Health criteria checks 6/6
Heilongjiang Agriculture has a total shareholder equity of CN¥7.9B 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¥10.7B and CN¥2.8B respectively. Heilongjiang Agriculture's EBIT is CN¥1.1B making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥5.4B.
Key information
0.04%
Debt to equity ratio
CN¥3.12m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥5.36b |
| Equity | CN¥7.86b |
| Total liabilities | CN¥2.82b |
| Total assets | CN¥10.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600598's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600598's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥135.3M).
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 (55011.2%).
Interest Coverage: 600598 earns more interest than it pays, so coverage of interest payments is not a concern.