Zhejiang Cheng Yi Pharmaceutical Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Cheng Yi Pharmaceutical has a total shareholder equity of CN¥1.2B and total debt of CN¥429.0M, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are CN¥1.9B and CN¥647.9M respectively. Zhejiang Cheng Yi Pharmaceutical's EBIT is CN¥138.3M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥252.0M.
Key information
34.9%
Debt to equity ratio
CN¥429.01m
Debt
Interest coverage ratio | -2.4x |
Cash | CN¥251.96m |
Equity | CN¥1.23b |
Total liabilities | CN¥647.94m |
Total assets | CN¥1.88b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603811's short term assets (CN¥496.2M) exceed its short term liabilities (CN¥296.0M).
Long Term Liabilities: 603811's short term assets (CN¥496.2M) exceed its long term liabilities (CN¥352.0M).
Debt to Equity History and Analysis
Debt Level: 603811's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 603811's debt to equity ratio has increased from 0% to 34.9% over the past 5 years.
Debt Coverage: 603811's debt is well covered by operating cash flow (36.3%).
Interest Coverage: 603811 earns more interest than it pays, so coverage of interest payments is not a concern.