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¥426.8M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are CN¥2.0B and CN¥754.7M respectively. ChongQing Zhengchuan Pharmaceutical PackagingLtd's EBIT is CN¥79.7M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥393.3M.
Key information
34.9%
Debt to equity ratio
CN¥426.78m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CN¥393.25m |
| Equity | CN¥1.22b |
| Total liabilities | CN¥754.68m |
| Total assets | CN¥1.98b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603976's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥295.0M).
Long Term Liabilities: 603976's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥459.7M).
Debt to Equity History and Analysis
Debt Level: 603976's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 603976's debt to equity ratio has increased from 0% to 34.9% over the past 5 years.
Debt Coverage: 603976's debt is well covered by operating cash flow (45.2%).
Interest Coverage: 603976's interest payments on its debt are well covered by EBIT (7.3x coverage).