Qianhe Condiment and Food Balance Sheet Health
Financial Health criteria checks 6/6
Qianhe Condiment and Food has a total shareholder equity of CN¥3.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥4.1B and CN¥604.7M respectively. Qianhe Condiment and Food's EBIT is CN¥610.5M making its interest coverage ratio -23.2. It has cash and short-term investments of CN¥1.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -23.2x |
Cash | CN¥1.60b |
Equity | CN¥3.47b |
Total liabilities | CN¥604.67m |
Total assets | CN¥4.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603027's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥554.0M).
Long Term Liabilities: 603027's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥50.7M).
Debt to Equity History and Analysis
Debt Level: 603027 is debt free.
Reducing Debt: 603027 has no debt compared to 5 years ago when its debt to equity ratio was 29.9%.
Debt Coverage: 603027 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 603027 has no debt, therefore coverage of interest payments is not a concern.