Cachet Pharmaceutical Balance Sheet Health
Financial Health criteria checks 6/6
Cachet Pharmaceutical has a total shareholder equity of CN¥6.2B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 49.7%. Its total assets and total liabilities are CN¥16.1B and CN¥9.9B respectively. Cachet Pharmaceutical's EBIT is CN¥907.1M making its interest coverage ratio -3782.9. It has cash and short-term investments of CN¥2.9B.
Key information
49.7%
Debt to equity ratio
CN¥3.08b
Debt
Interest coverage ratio | -3782.9x |
Cash | CN¥2.85b |
Equity | CN¥6.20b |
Total liabilities | CN¥9.88b |
Total assets | CN¥16.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002462's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥9.7B).
Long Term Liabilities: 002462's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥187.8M).
Debt to Equity History and Analysis
Debt Level: 002462's net debt to equity ratio (3.7%) is considered satisfactory.
Reducing Debt: 002462's debt to equity ratio has reduced from 98.7% to 49.7% over the past 5 years.
Debt Coverage: 002462's debt is well covered by operating cash flow (37.9%).
Interest Coverage: 002462 earns more interest than it pays, so coverage of interest payments is not a concern.