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
No updates
Recent updates
Financial 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.