Shanghai Milkground Food Tech Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Milkground Food Tech has a total shareholder equity of CN¥4.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 48.1%. Its total assets and total liabilities are CN¥7.7B and CN¥3.4B respectively. Shanghai Milkground Food Tech's EBIT is CN¥184.2M making its interest coverage ratio 397.5. It has cash and short-term investments of CN¥2.9B.
Key information
48.1%
Debt to equity ratio
CN¥2.11b
Debt
| Interest coverage ratio | 397.5x |
| Cash | CN¥2.90b |
| Equity | CN¥4.38b |
| Total liabilities | CN¥3.35b |
| Total assets | CN¥7.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600882's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600882's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600882 has more cash than its total debt.
Reducing Debt: 600882's debt to equity ratio has reduced from 91.4% to 48.1% over the past 5 years.
Debt Coverage: 600882's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 600882's interest payments on its debt are well covered by EBIT (397.5x coverage).