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¥2.3B, which brings its debt-to-equity ratio to 66.4%. Its total assets and total liabilities are CN¥7.6B and CN¥4.0B respectively. Zhejiang Qianjiang Biochemical's EBIT is CN¥263.4M making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥1.0B.
Key information
66.4%
Debt to equity ratio
CN¥2.35b
Debt
| Interest coverage ratio | 8.3x |
| Cash | CN¥1.01b |
| Equity | CN¥3.54b |
| Total liabilities | CN¥4.02b |
| Total assets | CN¥7.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600796's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600796's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥2.2B).
Debt to Equity History and Analysis
Debt Level: 600796's net debt to equity ratio (37.9%) is considered satisfactory.
Reducing Debt: 600796's debt to equity ratio has increased from 11.4% to 66.4% over the past 5 years.
Debt Coverage: 600796's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 600796's interest payments on its debt are well covered by EBIT (8.3x coverage).