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
No updates
Recent updates
Zhejiang Qianjiang Biochemical Co., Ltd's (SHSE:600796) Prospects Need A Boost To Lift Shares
Oct 01
Zhejiang 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).