Huadong Medicine Balance Sheet Health
Financial Health criteria checks 6/6
Huadong Medicine has a total shareholder equity of CN¥22.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are CN¥34.5B and CN¥12.0B respectively. Huadong Medicine's EBIT is CN¥3.7B making its interest coverage ratio 175.8. It has cash and short-term investments of CN¥3.6B.
Key information
8.1%
Debt to equity ratio
CN¥1.81b
Debt
| Interest coverage ratio | 175.8x |
| Cash | CN¥3.56b |
| Equity | CN¥22.49b |
| Total liabilities | CN¥11.98b |
| Total assets | CN¥34.47b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000963's short term assets (CN¥19.2B) exceed its short term liabilities (CN¥10.9B).
Long Term Liabilities: 000963's short term assets (CN¥19.2B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 000963 has more cash than its total debt.
Reducing Debt: 000963's debt to equity ratio has reduced from 16.5% to 8.1% over the past 5 years.
Debt Coverage: 000963's debt is well covered by operating cash flow (203.6%).
Interest Coverage: 000963's interest payments on its debt are well covered by EBIT (175.8x coverage).