Shandong Pharmaceutical GlassLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Pharmaceutical GlassLtd has a total shareholder equity of CN¥7.8B and total debt of CN¥1.8M, which brings its debt-to-equity ratio to 0.02%. Its total assets and total liabilities are CN¥9.6B and CN¥1.8B respectively. Shandong Pharmaceutical GlassLtd's EBIT is CN¥915.7M making its interest coverage ratio -23.1. It has cash and short-term investments of CN¥2.9B.
Key information
0.02%
Debt to equity ratio
CN¥1.83m
Debt
| Interest coverage ratio | -23.1x |
| Cash | CN¥2.86b |
| Equity | CN¥7.75b |
| Total liabilities | CN¥1.83b |
| Total assets | CN¥9.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600529's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600529's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥70.1M).
Debt to Equity History and Analysis
Debt Level: 600529 has more cash than its total debt.
Reducing Debt: 600529's debt to equity ratio has increased from 0% to 0.02% over the past 5 years.
Debt Coverage: 600529's debt is well covered by operating cash flow (62095.2%).
Interest Coverage: 600529 earns more interest than it pays, so coverage of interest payments is not a concern.