China Resources Double-Crane PharmaceuticalLtd Balance Sheet Health
Financial Health criteria checks 5/6
China Resources Double-Crane PharmaceuticalLtd has a total shareholder equity of CN¥12.2B and total debt of CN¥259.7M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥15.7B and CN¥3.5B respectively. China Resources Double-Crane PharmaceuticalLtd's EBIT is CN¥1.5B making its interest coverage ratio -38.5. It has cash and short-term investments of CN¥3.6B.
Key information
2.1%
Debt to equity ratio
CN¥259.67m
Debt
| Interest coverage ratio | -38.5x |
| Cash | CN¥3.65b |
| Equity | CN¥12.20b |
| Total liabilities | CN¥3.48b |
| Total assets | CN¥15.68b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600062's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 600062's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥458.7M).
Debt to Equity History and Analysis
Debt Level: 600062 has more cash than its total debt.
Reducing Debt: 600062's debt to equity ratio has increased from 1.1% to 2.1% over the past 5 years.
Debt Coverage: 600062's debt is well covered by operating cash flow (697.9%).
Interest Coverage: 600062 earns more interest than it pays, so coverage of interest payments is not a concern.