Zhejiang Medicine Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Medicine has a total shareholder equity of CN¥10.1B and total debt of CN¥851.2M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥12.9B and CN¥2.8B respectively. Zhejiang Medicine's EBIT is CN¥5.3M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥1.9B.
Key information
8.5%
Debt to equity ratio
CN¥851.16m
Debt
Interest coverage ratio | 0.4x |
Cash | CN¥1.87b |
Equity | CN¥10.07b |
Total liabilities | CN¥2.84b |
Total assets | CN¥12.91b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600216's short term assets (CN¥5.7B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 600216's short term assets (CN¥5.7B) exceed its long term liabilities (CN¥458.2M).
Debt to Equity History and Analysis
Debt Level: 600216 has more cash than its total debt.
Reducing Debt: 600216's debt to equity ratio has increased from 7% to 8.5% over the past 5 years.
Debt Coverage: 600216's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 600216's interest payments on its debt are not well covered by EBIT (0.4x coverage).