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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 00:07 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shanghai Milkground Food Tech Co., Ltd is covered by 15 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Wendan Wang | China International Capital Corporation Limited |
| Yuan Xue | Citic Securities Co., Ltd. |
| Xia Sheng | Citic Securities Co., Ltd. |