Zhejiang CONBA Pharmaceutical Co.,Ltd.

SHSE:600572 Stock Report

Market Cap: CN¥10.7b

Zhejiang CONBA PharmaceuticalLtd Balance Sheet Health

Financial Health criteria checks 6/6

Zhejiang CONBA PharmaceuticalLtd has a total shareholder equity of CN¥7.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 14.2%. Its total assets and total liabilities are CN¥11.3B and CN¥3.8B respectively. Zhejiang CONBA PharmaceuticalLtd's EBIT is CN¥533.4M making its interest coverage ratio -4.9. It has cash and short-term investments of CN¥2.4B.

Key information

14.2%

Debt to equity ratio

CN¥1.06b

Debt

Interest coverage ratio-4.9x
CashCN¥2.37b
EquityCN¥7.47b
Total liabilitiesCN¥3.84b
Total assetsCN¥11.31b

Recent financial health updates

Recent updates

Here's Why Zhejiang CONBA PharmaceuticalLtd (SHSE:600572) Can Manage Its Debt Responsibly

May 21
Here's Why Zhejiang CONBA PharmaceuticalLtd (SHSE:600572) Can Manage Its Debt Responsibly

Financial Position Analysis

Short Term Liabilities: 600572's short term assets (CN¥5.9B) exceed its short term liabilities (CN¥3.0B).

Long Term Liabilities: 600572's short term assets (CN¥5.9B) exceed its long term liabilities (CN¥813.1M).


Debt to Equity History and Analysis

Debt Level: 600572 has more cash than its total debt.

Reducing Debt: 600572's debt to equity ratio has reduced from 56.4% to 14.2% over the past 5 years.

Debt Coverage: 600572's debt is well covered by operating cash flow (92.2%).

Interest Coverage: 600572 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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