Zhejiang Shouxiangu Pharmaceutical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Shouxiangu Pharmaceutical has a total shareholder equity of CN¥2.2B and total debt of CN¥553.9M, which brings its debt-to-equity ratio to 24.8%. Its total assets and total liabilities are CN¥3.1B and CN¥822.6M respectively. Zhejiang Shouxiangu Pharmaceutical's EBIT is CN¥165.5M making its interest coverage ratio -5. It has cash and short-term investments of CN¥1.2B.
Key information
24.8%
Debt to equity ratio
CN¥553.92m
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥1.16b |
| Equity | CN¥2.23b |
| Total liabilities | CN¥822.58m |
| Total assets | CN¥3.05b |
Financial Position Analysis
Short Term Liabilities: 603896's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥378.6M).
Long Term Liabilities: 603896's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥443.9M).
Debt to Equity History and Analysis
Debt Level: 603896 has more cash than its total debt.
Reducing Debt: 603896's debt to equity ratio has increased from 1.9% to 24.8% over the past 5 years.
Debt Coverage: 603896's debt is well covered by operating cash flow (47.5%).
Interest Coverage: 603896 earns more interest than it pays, so coverage of interest payments is not a concern.