Joincare Pharmaceutical Group IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Joincare Pharmaceutical Group IndustryLtd has a total shareholder equity of CN¥23.5B and total debt of CN¥5.4B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥36.2B and CN¥12.6B respectively. Joincare Pharmaceutical Group IndustryLtd's EBIT is CN¥3.1B making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥15.3B.
Key information
22.7%
Debt to equity ratio
CN¥5.35b
Debt
| Interest coverage ratio | -9.1x |
| Cash | CN¥15.32b |
| Equity | CN¥23.54b |
| Total liabilities | CN¥12.63b |
| Total assets | CN¥36.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JCARE's short term assets (CN¥23.1B) exceed its short term liabilities (CN¥10.6B).
Long Term Liabilities: JCARE's short term assets (CN¥23.1B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: JCARE has more cash than its total debt.
Reducing Debt: JCARE's debt to equity ratio has increased from 7% to 22.7% over the past 5 years.
Debt Coverage: JCARE's debt is well covered by operating cash flow (76.3%).
Interest Coverage: JCARE earns more interest than it pays, so coverage of interest payments is not a concern.