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¥311.3M, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥1.8B and CN¥569.2M respectively. Zhejiang Cheng Yi Pharmaceutical's EBIT is CN¥136.3M making its interest coverage ratio -4.2. It has cash and short-term investments of CN¥207.9M.
Key information
24.9%
Debt to equity ratio
CN¥311.30m
Debt
| Interest coverage ratio | -4.2x |
| Cash | CN¥207.91m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥569.21m |
| Total assets | CN¥1.82b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603811's short term assets (CN¥475.9M) exceed its short term liabilities (CN¥345.0M).
Long Term Liabilities: 603811's short term assets (CN¥475.9M) exceed its long term liabilities (CN¥224.2M).
Debt to Equity History and Analysis
Debt Level: 603811's net debt to equity ratio (8.3%) is considered satisfactory.
Reducing Debt: 603811's debt to equity ratio has increased from 0% to 24.9% over the past 5 years.
Debt Coverage: 603811's debt is well covered by operating cash flow (56.3%).
Interest Coverage: 603811 earns more interest than it pays, so coverage of interest payments is not a concern.