Qianhe Condiment and Food has a total shareholder equity of CN¥3.5B and total debt of CN¥151.8M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are CN¥4.2B and CN¥732.2M respectively. Qianhe Condiment and Food's EBIT is CN¥532.8M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥1.4B.
Key information
4.3%
Debt to equity ratio
CN¥151.83m
Debt
Interest coverage ratio
-9.9x
Cash
CN¥1.41b
Equity
CN¥3.51b
Total liabilities
CN¥732.18m
Total assets
CN¥4.24b
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603027's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥686.2M).
Long Term Liabilities: 603027's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥46.0M).
Debt to Equity History and Analysis
Debt Level: 603027 has more cash than its total debt.
Reducing Debt: 603027's debt to equity ratio has reduced from 11.1% to 4.3% over the past 5 years.
Debt Coverage: 603027's debt is well covered by operating cash flow (351.1%).
Interest Coverage: 603027 earns more interest than it pays, so coverage of interest payments is not a concern.