China National Medicines Balance Sheet Health
Financial Health criteria checks 6/6
China National Medicines has a total shareholder equity of CN¥18.0B and total debt of CN¥183.8M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥32.9B and CN¥14.9B respectively. China National Medicines's EBIT is CN¥2.4B making its interest coverage ratio -4.5. It has cash and short-term investments of CN¥9.3B.
Key information
1.0%
Debt to equity ratio
CN¥183.76m
Debt
| Interest coverage ratio | -4.5x |
| Cash | CN¥9.29b |
| Equity | CN¥18.02b |
| Total liabilities | CN¥14.90b |
| Total assets | CN¥32.92b |
Financial Position Analysis
Short Term Liabilities: 600511's short term assets (CN¥28.6B) exceed its short term liabilities (CN¥13.7B).
Long Term Liabilities: 600511's short term assets (CN¥28.6B) exceed its long term liabilities (CN¥1.2B).
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 10% to 1% over the past 5 years.
Debt Coverage: 600511's debt is well covered by operating cash flow (1170.7%).
Interest Coverage: 600511 earns more interest than it pays, so coverage of interest payments is not a concern.