China Modern Dairy Holdings Balance Sheet Health
Financial Health criteria checks 3/6
China Modern Dairy Holdings has a total shareholder equity of CN¥11.8B and total debt of CN¥11.5B, which brings its debt-to-equity ratio to 97.1%. Its total assets and total liabilities are CN¥31.4B and CN¥19.6B respectively. China Modern Dairy Holdings's EBIT is CN¥1.9B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥2.0B.
Key information
97.1%
Debt to equity ratio
CN¥11.50b
Debt
Interest coverage ratio | 4.1x |
Cash | CN¥1.96b |
Equity | CN¥11.84b |
Total liabilities | CN¥19.55b |
Total assets | CN¥31.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 07M's short term assets (CN¥6.9B) do not cover its short term liabilities (CN¥8.5B).
Long Term Liabilities: 07M's short term assets (CN¥6.9B) do not cover its long term liabilities (CN¥11.1B).
Debt to Equity History and Analysis
Debt Level: 07M's net debt to equity ratio (80.5%) is considered high.
Reducing Debt: 07M's debt to equity ratio has reduced from 111.4% to 97.1% over the past 5 years.
Debt Coverage: 07M's debt is well covered by operating cash flow (21.6%).
Interest Coverage: 07M's interest payments on its debt are well covered by EBIT (4.1x coverage).