Sinocare Balance Sheet Health
Financial Health criteria checks 5/6
Sinocare has a total shareholder equity of CN¥3.5B and total debt of CN¥969.1M, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are CN¥5.8B and CN¥2.3B respectively. Sinocare's EBIT is CN¥451.8M making its interest coverage ratio 11.5. It has cash and short-term investments of CN¥672.6M.
Key information
27.6%
Debt to equity ratio
CN¥969.07m
Debt
Interest coverage ratio | 11.5x |
Cash | CN¥672.60m |
Equity | CN¥3.51b |
Total liabilities | CN¥2.31b |
Total assets | CN¥5.82b |
Recent financial health updates
No updates
Recent 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¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300298's net debt to equity ratio (8.4%) is considered satisfactory.
Reducing Debt: 300298's debt to equity ratio has increased from 4.8% to 27.6% over the past 5 years.
Debt Coverage: 300298's debt is well covered by operating cash flow (67.8%).
Interest Coverage: 300298's interest payments on its debt are well covered by EBIT (11.5x coverage).