XIANGPIAOPIAO FoodLtd Balance Sheet Health
Financial Health criteria checks 5/6
XIANGPIAOPIAO FoodLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥693.5M, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥4.6B and CN¥1.3B respectively. XIANGPIAOPIAO FoodLtd's EBIT is CN¥236.8M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥2.4B.
Key information
20.5%
Debt to equity ratio
CN¥693.50m
Debt
Interest coverage ratio | -2.9x |
Cash | CN¥2.44b |
Equity | CN¥3.38b |
Total liabilities | CN¥1.27b |
Total assets | CN¥4.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603711's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 603711's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥95.0M).
Debt to Equity History and Analysis
Debt Level: 603711 has more cash than its total debt.
Reducing Debt: 603711's debt to equity ratio has increased from 0.4% to 20.5% over the past 5 years.
Debt Coverage: 603711's debt is well covered by operating cash flow (77%).
Interest Coverage: 603711 earns more interest than it pays, so coverage of interest payments is not a concern.