Shanghai Bolex Food Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shanghai Bolex Food Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥180.0M, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are CN¥2.1B and CN¥646.9M respectively. Shanghai Bolex Food Technology's EBIT is CN¥279.2M making its interest coverage ratio -122. It has cash and short-term investments of CN¥667.4M.
Key information
12.1%
Debt to equity ratio
CN¥180.00m
Debt
| Interest coverage ratio | -122x |
| Cash | CN¥667.37m |
| Equity | CN¥1.48b |
| Total liabilities | CN¥646.86m |
| Total assets | CN¥2.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603170's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥566.6M).
Long Term Liabilities: 603170's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥80.3M).
Debt to Equity History and Analysis
Debt Level: 603170 has more cash than its total debt.
Reducing Debt: 603170's debt to equity ratio has reduced from 37.4% to 12.1% over the past 5 years.
Debt Coverage: 603170's debt is well covered by operating cash flow (174.2%).
Interest Coverage: 603170 earns more interest than it pays, so coverage of interest payments is not a concern.