China Modern Dairy Holdings Balance Sheet Health
Financial Health criteria checks 3/6
China Modern Dairy Holdings has a total shareholder equity of CN¥12.0B and total debt of CN¥13.8B, which brings its debt-to-equity ratio to 115.3%. Its total assets and total liabilities are CN¥32.2B and CN¥20.2B respectively. China Modern Dairy Holdings's EBIT is CN¥2.0B making its interest coverage ratio 4.7. It has cash and short-term investments of CN¥3.7B.
Key information
115.3%
Debt to equity ratio
CN¥13.84b
Debt
| Interest coverage ratio | 4.7x |
| Cash | CN¥3.65b |
| Equity | CN¥12.00b |
| Total liabilities | CN¥20.21b |
| Total assets | CN¥32.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 07M's short term assets (CN¥7.4B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 07M's short term assets (CN¥7.4B) do not cover its long term liabilities (CN¥13.1B).
Debt to Equity History and Analysis
Debt Level: 07M's net debt to equity ratio (84.8%) is considered high.
Reducing Debt: 07M's debt to equity ratio has increased from 104.1% to 115.3% over the past 5 years.
Debt Coverage: 07M's debt is well covered by operating cash flow (26.5%).
Interest Coverage: 07M's interest payments on its debt are well covered by EBIT (4.7x coverage).