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¥590.2M, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are CN¥3.7B and CN¥1.3B respectively. DaChan Food (Asia)'s EBIT is CN¥117.6M making its interest coverage ratio 10.7. It has cash and short-term investments of CN¥518.9M.
Key information
24.4%
Debt to equity ratio
CN¥590.24m
Debt
Interest coverage ratio | 10.7x |
Cash | CN¥518.94m |
Equity | CN¥2.42b |
Total liabilities | CN¥1.33b |
Total assets | CN¥3.74b |
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¥999.5M).
Long Term Liabilities: 3DS's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥325.5M).
Debt to Equity History and Analysis
Debt Level: 3DS's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 3DS's debt to equity ratio has reduced from 62.1% to 24.4% over the past 5 years.
Debt Coverage: 3DS's debt is well covered by operating cash flow (69%).
Interest Coverage: 3DS's interest payments on its debt are well covered by EBIT (10.7x coverage).