Zhejiang Qianjiang Biochemical Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Qianjiang Biochemical has a total shareholder equity of CN¥3.5B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are CN¥6.7B and CN¥3.1B respectively. Zhejiang Qianjiang Biochemical's EBIT is CN¥264.2M making its interest coverage ratio 65.6. It has cash and short-term investments of CN¥516.0M.
Key information
51.3%
Debt to equity ratio
CN¥1.81b
Debt
Interest coverage ratio | 65.6x |
Cash | CN¥515.95m |
Equity | CN¥3.52b |
Total liabilities | CN¥3.14b |
Total assets | CN¥6.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600796's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 600796's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 600796's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: 600796's debt to equity ratio has increased from 11.6% to 51.3% over the past 5 years.
Debt Coverage: 600796's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 600796's interest payments on its debt are well covered by EBIT (65.6x coverage).