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China Foods Balance Sheet Health
Financial Health criteria checks 5/6
China Foods has a total shareholder equity of CN¥9.4B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥16.1B and CN¥6.7B respectively. China Foods's EBIT is CN¥1.7B making its interest coverage ratio -129.9. It has cash and short-term investments of CN¥2.3B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -129.9x |
Cash | CN¥2.29b |
Equity | CN¥9.41b |
Total liabilities | CN¥6.68b |
Total assets | CN¥16.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 506's short term assets (CN¥5.8B) do not cover its short term liabilities (CN¥6.1B).
Long Term Liabilities: 506's short term assets (CN¥5.8B) exceed its long term liabilities (CN¥576.6M).
Debt to Equity History and Analysis
Debt Level: 506 is debt free.
Reducing Debt: 506 has no debt compared to 5 years ago when its debt to equity ratio was 27.5%.
Debt Coverage: 506 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 506 has no debt, therefore coverage of interest payments is not a concern.