Sinocare Balance Sheet Health
Financial Health criteria checks 5/6
Sinocare has a total shareholder equity of CN¥3.6B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 29.7%. Its total assets and total liabilities are CN¥6.0B and CN¥2.4B respectively. Sinocare's EBIT is CN¥440.6M making its interest coverage ratio -12.6. It has cash and short-term investments of CN¥677.6M.
Key information
29.7%
Debt to equity ratio
CN¥1.06b
Debt
Interest coverage ratio | -12.6x |
Cash | CN¥677.56m |
Equity | CN¥3.58b |
Total liabilities | CN¥2.39b |
Total assets | CN¥5.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300298's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300298's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300298's net debt to equity ratio (10.8%) is considered satisfactory.
Reducing Debt: 300298's debt to equity ratio has increased from 1.4% to 29.7% over the past 5 years.
Debt Coverage: 300298's debt is well covered by operating cash flow (34.9%).
Interest Coverage: 300298 earns more interest than it pays, so coverage of interest payments is not a concern.