China National Medicines Balance Sheet Health
Financial Health criteria checks 6/6
China National Medicines has a total shareholder equity of CN¥18.5B and total debt of CN¥284.3M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are CN¥34.3B and CN¥15.9B respectively. China National Medicines's EBIT is CN¥2.3B making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥8.3B.
Key information
1.5%
Debt to equity ratio
CN¥284.32m
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥8.30b |
| Equity | CN¥18.46b |
| Total liabilities | CN¥15.88b |
| Total assets | CN¥34.34b |
Recent financial health updates
We Think China National Medicines (SHSE:600511) Can Manage Its Debt With Ease
Nov 12
Is China National Medicines (SHSE:600511) Using Too Much Debt?
Jun 05China National Medicines (SHSE:600511) Could Easily Take On More Debt
Feb 28Recent updates
We Think China National Medicines (SHSE:600511) Can Manage Its Debt With Ease
Nov 12The China National Medicines Corporation Ltd. (SHSE:600511) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
Oct 25China National Medicines Corporation Ltd.'s (SHSE:600511) Prospects Need A Boost To Lift Shares
Sep 26Calculating The Fair Value Of China National Medicines Corporation Ltd. (SHSE:600511)
Sep 10Returns On Capital At China National Medicines (SHSE:600511) Paint A Concerning Picture
Jul 28China National Medicines Corporation Ltd.'s (SHSE:600511) Low P/E No Reason For Excitement
Jun 24China National Medicines (SHSE:600511) Has Announced That It Will Be Increasing Its Dividend To CN¥0.854
Jun 07Is China National Medicines (SHSE:600511) Using Too Much Debt?
Jun 05Calculating The Fair Value Of China National Medicines Corporation Ltd. (SHSE:600511)
May 21Capital Allocation Trends At China National Medicines (SHSE:600511) Aren't Ideal
Apr 10China National Medicines (SHSE:600511) Could Easily Take On More Debt
Feb 28Financial Position Analysis
Short Term Liabilities: 600511's short term assets (CN¥29.8B) exceed its short term liabilities (CN¥14.6B).
Long Term Liabilities: 600511's short term assets (CN¥29.8B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 600511 has more cash than its total debt.
Reducing Debt: 600511's debt to equity ratio has reduced from 4.2% to 1.5% over the past 5 years.
Debt Coverage: 600511's debt is well covered by operating cash flow (593.5%).
Interest Coverage: 600511 earns more interest than it pays, so coverage of interest payments is not a concern.