Shede Spirits Balance Sheet Health
Financial Health criteria checks 5/6
Shede Spirits has a total shareholder equity of CN¥7.4B and total debt of CN¥795.1M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥11.6B and CN¥4.2B respectively. Shede Spirits's EBIT is CN¥1.5B making its interest coverage ratio -77.5. It has cash and short-term investments of CN¥2.1B.
Key information
10.7%
Debt to equity ratio
CN¥795.15m
Debt
| Interest coverage ratio | -77.5x |
| Cash | CN¥2.06b |
| Equity | CN¥7.42b |
| Total liabilities | CN¥4.22b |
| Total assets | CN¥11.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600702's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.9B).
Long Term Liabilities: 600702's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥310.5M).
Debt to Equity History and Analysis
Debt Level: 600702 has more cash than its total debt.
Reducing Debt: 600702's debt to equity ratio has reduced from 27.7% to 10.7% over the past 5 years.
Debt Coverage: 600702's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 600702 earns more interest than it pays, so coverage of interest payments is not a concern.