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Chongqing Hongjiu Fruit Balance Sheet Health
Financial Health criteria checks 4/6
Chongqing Hongjiu Fruit has a total shareholder equity of CN¥7.5B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 37.1%. Its total assets and total liabilities are CN¥11.3B and CN¥3.8B respectively. Chongqing Hongjiu Fruit's EBIT is CN¥1.7B making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥556.5M.
Key information
37.1%
Debt to equity ratio
CN¥2.78b
Debt
| Interest coverage ratio | 16.6x |
| Cash | CN¥556.50m |
| Equity | CN¥7.49b |
| Total liabilities | CN¥3.80b |
| Total assets | CN¥11.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6689's short term assets (CN¥11.0B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 6689's short term assets (CN¥11.0B) exceed its long term liabilities (CN¥51.4M).
Debt to Equity History and Analysis
Debt Level: 6689's net debt to equity ratio (29.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if 6689's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 6689's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6689's interest payments on its debt are well covered by EBIT (16.6x coverage).