Zhongnongfa Seed Industry Group Balance Sheet Health
Financial Health criteria checks 5/6
Zhongnongfa Seed Industry Group has a total shareholder equity of CN¥3.0B and total debt of CN¥333.6M, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are CN¥4.7B and CN¥1.7B respectively. Zhongnongfa Seed Industry Group's EBIT is CN¥102.1M making its interest coverage ratio -75. It has cash and short-term investments of CN¥1.2B.
Key information
11.3%
Debt to equity ratio
CN¥333.57m
Debt
| Interest coverage ratio | -75x |
| Cash | CN¥1.17b |
| Equity | CN¥2.95b |
| Total liabilities | CN¥1.73b |
| Total assets | CN¥4.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600313's short term assets (CN¥3.2B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600313's short term assets (CN¥3.2B) exceed its long term liabilities (CN¥567.7M).
Debt to Equity History and Analysis
Debt Level: 600313 has more cash than its total debt.
Reducing Debt: 600313's debt to equity ratio has increased from 7.8% to 11.3% over the past 5 years.
Debt Coverage: 600313's debt is well covered by operating cash flow (52.9%).
Interest Coverage: 600313 earns more interest than it pays, so coverage of interest payments is not a concern.