ChongQing Zhengchuan Pharmaceutical PackagingLtd Balance Sheet Health
Financial Health criteria checks 5/6
ChongQing Zhengchuan Pharmaceutical PackagingLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥451.5M, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are CN¥2.1B and CN¥824.0M respectively. ChongQing Zhengchuan Pharmaceutical PackagingLtd's EBIT is CN¥71.3M making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥408.5M.
Key information
36.5%
Debt to equity ratio
CN¥451.47m
Debt
Interest coverage ratio | -11.8x |
Cash | CN¥408.46m |
Equity | CN¥1.24b |
Total liabilities | CN¥823.95m |
Total assets | CN¥2.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603976's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥372.4M).
Long Term Liabilities: 603976's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥451.6M).
Debt to Equity History and Analysis
Debt Level: 603976's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 603976's debt to equity ratio has increased from 0% to 36.5% over the past 5 years.
Debt Coverage: 603976's debt is well covered by operating cash flow (35.3%).
Interest Coverage: 603976 earns more interest than it pays, so coverage of interest payments is not a concern.