Star Lake BioscienceZhaoqing Guangdong Balance Sheet Health
Financial Health criteria checks 4/6
Star Lake BioscienceZhaoqing Guangdong has a total shareholder equity of CN¥7.9B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 54%. Its total assets and total liabilities are CN¥14.7B and CN¥6.8B respectively. Star Lake BioscienceZhaoqing Guangdong's EBIT is CN¥1.3B making its interest coverage ratio 9.5. It has cash and short-term investments of CN¥1.1B.
Key information
54.0%
Debt to equity ratio
CN¥4.29b
Debt
Interest coverage ratio | 9.5x |
Cash | CN¥1.05b |
Equity | CN¥7.94b |
Total liabilities | CN¥6.75b |
Total assets | CN¥14.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600866's short term assets (CN¥5.4B) exceed its short term liabilities (CN¥4.8B).
Long Term Liabilities: 600866's short term assets (CN¥5.4B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 600866's net debt to equity ratio (40.7%) is considered high.
Reducing Debt: 600866's debt to equity ratio has increased from 20.5% to 54% over the past 5 years.
Debt Coverage: 600866's debt is well covered by operating cash flow (58.6%).
Interest Coverage: 600866's interest payments on its debt are well covered by EBIT (9.5x coverage).