Zhejiang Ausun Pharmaceutical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Ausun Pharmaceutical has a total shareholder equity of CN¥2.1B and total debt of CN¥310.8M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CN¥3.0B and CN¥860.2M respectively. Zhejiang Ausun Pharmaceutical's EBIT is CN¥280.3M making its interest coverage ratio -66.3. It has cash and short-term investments of CN¥1.0B.
Key information
14.7%
Debt to equity ratio
CN¥310.82m
Debt
Interest coverage ratio | -66.3x |
Cash | CN¥1.03b |
Equity | CN¥2.11b |
Total liabilities | CN¥860.24m |
Total assets | CN¥2.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603229's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥764.7M).
Long Term Liabilities: 603229's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥95.6M).
Debt to Equity History and Analysis
Debt Level: 603229 has more cash than its total debt.
Reducing Debt: 603229's debt to equity ratio has reduced from 15.3% to 14.7% over the past 5 years.
Debt Coverage: 603229's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 603229 earns more interest than it pays, so coverage of interest payments is not a concern.