Zhejiang Jiuzhou Pharmaceutical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Jiuzhou Pharmaceutical has a total shareholder equity of CN¥8.7B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 19.5%. Its total assets and total liabilities are CN¥12.2B and CN¥3.5B respectively. Zhejiang Jiuzhou Pharmaceutical's EBIT is CN¥974.7M making its interest coverage ratio -11.2. It has cash and short-term investments of CN¥4.1B.
Key information
19.5%
Debt to equity ratio
CN¥1.70b
Debt
| Interest coverage ratio | -11.2x |
| Cash | CN¥4.06b |
| Equity | CN¥8.74b |
| Total liabilities | CN¥3.51b |
| Total assets | CN¥12.25b |
Financial Position Analysis
Short Term Liabilities: 603456's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 603456's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥697.3M).
Debt to Equity History and Analysis
Debt Level: 603456 has more cash than its total debt.
Reducing Debt: 603456's debt to equity ratio has increased from 2.7% to 19.5% over the past 5 years.
Debt Coverage: 603456's debt is well covered by operating cash flow (45%).
Interest Coverage: 603456 earns more interest than it pays, so coverage of interest payments is not a concern.