China National Accord Medicines Balance Sheet Health
Financial Health criteria checks 5/6
China National Accord Medicines has a total shareholder equity of CN¥21.4B and total debt of CN¥4.9B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are CN¥51.5B and CN¥30.1B respectively. China National Accord Medicines's EBIT is CN¥2.3B making its interest coverage ratio -26.6. It has cash and short-term investments of CN¥5.7B.
Key information
22.7%
Debt to equity ratio
CN¥4.87b
Debt
Interest coverage ratio | -26.6x |
Cash | CN¥5.72b |
Equity | CN¥21.42b |
Total liabilities | CN¥30.11b |
Total assets | CN¥51.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000028's short term assets (CN¥40.1B) exceed its short term liabilities (CN¥27.7B).
Long Term Liabilities: 000028's short term assets (CN¥40.1B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 000028 has more cash than its total debt.
Reducing Debt: 000028's debt to equity ratio has increased from 21% to 22.7% over the past 5 years.
Debt Coverage: 000028's debt is well covered by operating cash flow (43%).
Interest Coverage: 000028 earns more interest than it pays, so coverage of interest payments is not a concern.