China Resources Beer (Holdings) Balance Sheet Health
Financial Health criteria checks 5/6
China Resources Beer (Holdings) has a total shareholder equity of CN¥36.8B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥71.9B and CN¥35.1B respectively. China Resources Beer (Holdings)'s EBIT is CN¥4.8B making its interest coverage ratio -40.5. It has cash and short-term investments of CN¥6.5B.
Key information
3.7%
Debt to equity ratio
CN¥1.38b
Debt
| Interest coverage ratio | -40.5x |
| Cash | CN¥6.50b |
| Equity | CN¥36.77b |
| Total liabilities | CN¥35.15b |
| Total assets | CN¥71.92b |
Recent financial health updates
Is China Resources Beer (Holdings) (HKG:291) A Risky Investment?
Dec 20
We Think China Resources Beer (Holdings) (HKG:291) Can Stay On Top Of Its Debt
Sep 09Recent updates
Is China Resources Beer (Holdings) (HKG:291) A Risky Investment?
Dec 20Returns On Capital At China Resources Beer (Holdings) (HKG:291) Have Hit The Brakes
Nov 14What China Resources Beer (Holdings) Company Limited's (HKG:291) 31% Share Price Gain Is Not Telling You
Oct 09An Intrinsic Calculation For China Resources Beer (Holdings) Company Limited (HKG:291) Suggests It's 47% Undervalued
Sep 30Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Interim Results And Analysts Are Updating Their Forecasts
Sep 12We Think China Resources Beer (Holdings) (HKG:291) Can Stay On Top Of Its Debt
Sep 09China Resources Beer (Holdings) (HKG:291) Is Due To Pay A Dividend Of CN¥0.407
Aug 21China Resources Beer (Holdings) Company Limited's (HKG:291) Share Price Not Quite Adding Up
Jul 11The Returns At China Resources Beer (Holdings) (HKG:291) Aren't Growing
Jun 21China Resources Beer (Holdings)'s (HKG:291) Profits May Not Reveal Underlying Issues
May 01Is China Resources Beer (Holdings) Company Limited (HKG:291) Trading At A 25% Discount?
Apr 08Earnings Update: China Resources Beer (Holdings) Company Limited (HKG:291) Just Reported Its Full-Year Results And Analysts Are Updating Their Forecasts
Mar 21Returns At China Resources Beer (Holdings) (HKG:291) Appear To Be Weighed Down
Mar 04China Resources Beer (Holdings) Company Limited's (HKG:291) Price Is Out Of Tune With Earnings
Jan 29Financial Position Analysis
Short Term Liabilities: 291's short term assets (CN¥19.0B) do not cover its short term liabilities (CN¥25.3B).
Long Term Liabilities: 291's short term assets (CN¥19.0B) exceed its long term liabilities (CN¥9.9B).
Debt to Equity History and Analysis
Debt Level: 291 has more cash than its total debt.
Reducing Debt: 291's debt to equity ratio has reduced from 6.3% to 3.7% over the past 5 years.
Debt Coverage: 291's debt is well covered by operating cash flow (390.1%).
Interest Coverage: 291 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 04:01 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Resources Beer (Holdings) Company Limited is covered by 82 analysts. 33 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Vineet Kulbandu Sharma | Barclays |
| Y. Chen | BNP Paribas Securities (Asia) |
| Sichao Chen | BOCI Research Ltd. |