DaChan Food (Asia) Balance Sheet Health
Financial Health criteria checks 6/6
DaChan Food (Asia) has a total shareholder equity of CN¥2.4B and total debt of CN¥569.5M, which brings its debt-to-equity ratio to 23.6%. Its total assets and total liabilities are CN¥3.8B and CN¥1.4B respectively. DaChan Food (Asia)'s EBIT is CN¥64.4M making its interest coverage ratio 5.2. It has cash and short-term investments of CN¥523.8M.
Key information
23.6%
Debt to equity ratio
CN¥569.47m
Debt
| Interest coverage ratio | 5.2x |
| Cash | CN¥523.83m |
| Equity | CN¥2.41b |
| Total liabilities | CN¥1.38b |
| Total assets | CN¥3.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3DS's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 3DS's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥355.0M).
Debt to Equity History and Analysis
Debt Level: 3DS's net debt to equity ratio (1.9%) is considered satisfactory.
Reducing Debt: 3DS's debt to equity ratio has reduced from 54.2% to 23.6% over the past 5 years.
Debt Coverage: 3DS's debt is well covered by operating cash flow (64.4%).
Interest Coverage: 3DS's interest payments on its debt are well covered by EBIT (5.2x coverage).