Sino-Agri Leading BiosciencesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Sino-Agri Leading BiosciencesLtd has a total shareholder equity of CN¥1.7B and total debt of CN¥695.9M, which brings its debt-to-equity ratio to 42.1%. Its total assets and total liabilities are CN¥6.0B and CN¥4.4B respectively. Sino-Agri Leading BiosciencesLtd's EBIT is CN¥297.6M making its interest coverage ratio -106.6. It has cash and short-term investments of CN¥860.1M.
Key information
42.1%
Debt to equity ratio
CN¥695.89m
Debt
| Interest coverage ratio | -106.6x |
| Cash | CN¥860.09m |
| Equity | CN¥1.65b |
| Total liabilities | CN¥4.38b |
| Total assets | CN¥6.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603970's short term assets (CN¥5.8B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 603970's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥19.7M).
Debt to Equity History and Analysis
Debt Level: 603970 has more cash than its total debt.
Reducing Debt: 603970's debt to equity ratio has reduced from 124.9% to 42.1% over the past 5 years.
Debt Coverage: 603970's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 603970 earns more interest than it pays, so coverage of interest payments is not a concern.