Guangdong Zhongsheng Pharmaceutical Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Zhongsheng Pharmaceutical has a total shareholder equity of CN¥4.6B and total debt of CN¥429.4M, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are CN¥6.2B and CN¥1.6B respectively. Guangdong Zhongsheng Pharmaceutical's EBIT is CN¥281.6M making its interest coverage ratio -33.9. It has cash and short-term investments of CN¥1.5B.
Key information
9.4%
Debt to equity ratio
CN¥429.45m
Debt
| Interest coverage ratio | -33.9x |
| Cash | CN¥1.46b |
| Equity | CN¥4.58b |
| Total liabilities | CN¥1.65b |
| Total assets | CN¥6.23b |
Recent financial health updates
Recent updates
We Think You Can Look Beyond Guangdong Zhongsheng Pharmaceutical's (SZSE:002317) Lackluster Earnings
Apr 29
Does Guangdong Zhongsheng Pharmaceutical (SZSE:002317) Have A Healthy Balance Sheet?
Mar 18Guangdong Zhongsheng Pharmaceutical Co., Ltd.'s (SZSE:002317) Shares Climb 29% But Its Business Is Yet to Catch Up
Feb 29Financial Position Analysis
Short Term Liabilities: 002317's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥826.0M).
Long Term Liabilities: 002317's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥821.2M).
Debt to Equity History and Analysis
Debt Level: 002317 has more cash than its total debt.
Reducing Debt: 002317's debt to equity ratio has reduced from 30.3% to 9.4% over the past 5 years.
Debt Coverage: 002317's debt is well covered by operating cash flow (59.9%).
Interest Coverage: 002317 earns more interest than it pays, so coverage of interest payments is not a concern.