Zhejiang Qianjiang Biochemical Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Qianjiang Biochemical has a total shareholder equity of CN¥3.5B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 68.9%. Its total assets and total liabilities are CN¥7.5B and CN¥4.0B respectively. Zhejiang Qianjiang Biochemical's EBIT is CN¥244.9M making its interest coverage ratio 9.6. It has cash and short-term investments of CN¥910.2M.
Key information
68.9%
Debt to equity ratio
CN¥2.42b
Debt
| Interest coverage ratio | 9.6x |
| Cash | CN¥910.21m |
| Equity | CN¥3.51b |
| Total liabilities | CN¥3.98b |
| Total assets | CN¥7.49b |
Recent financial health updates
Recent updates
Is Zhejiang Qianjiang Biochemical (SHSE:600796) A Risky Investment?
Jan 06
Improved Earnings Required Before Zhejiang Qianjiang Biochemical Co., Ltd (SHSE:600796) Stock's 31% Jump Looks Justified
Dec 04Returns On Capital Are Showing Encouraging Signs At Zhejiang Qianjiang Biochemical (SHSE:600796)
Dec 03Zhejiang Qianjiang Biochemical Co., Ltd's (SHSE:600796) Prospects Need A Boost To Lift Shares
Oct 01Zhejiang Qianjiang Biochemical (SHSE:600796) Shareholders Will Want The ROCE Trajectory To Continue
May 13There Is A Reason Zhejiang Qianjiang Biochemical Co., Ltd's (SHSE:600796) Price Is Undemanding
Feb 27Financial Position Analysis
Short Term Liabilities: 600796's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 600796's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 600796's net debt to equity ratio (43%) is considered high.
Reducing Debt: 600796's debt to equity ratio has increased from 15% to 68.9% over the past 5 years.
Debt Coverage: 600796's debt is not well covered by operating cash flow (10.5%).
Interest Coverage: 600796's interest payments on its debt are well covered by EBIT (9.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/06 18:58 |
| End of Day Share Price | 2025/01/06 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Zhejiang Qianjiang Biochemical Co., Ltd is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yigong Tao | China Galaxy Securities Co., Ltd. |