Changzhou Qianhong BiopharmaLTD Balance Sheet Health
Financial Health criteria checks 6/6
Changzhou Qianhong BiopharmaLTD has a total shareholder equity of CN¥2.5B and total debt of CN¥55.6M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are CN¥2.8B and CN¥292.2M respectively. Changzhou Qianhong BiopharmaLTD's EBIT is CN¥166.0M making its interest coverage ratio -20.7. It has cash and short-term investments of CN¥648.2M.
Key information
2.2%
Debt to equity ratio
CN¥55.62m
Debt
Interest coverage ratio | -20.7x |
Cash | CN¥648.21m |
Equity | CN¥2.47b |
Total liabilities | CN¥292.17m |
Total assets | CN¥2.77b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002550's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥205.8M).
Long Term Liabilities: 002550's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥86.4M).
Debt to Equity History and Analysis
Debt Level: 002550 has more cash than its total debt.
Reducing Debt: 002550's debt to equity ratio has reduced from 17% to 2.2% over the past 5 years.
Debt Coverage: 002550's debt is well covered by operating cash flow (958.8%).
Interest Coverage: 002550 earns more interest than it pays, so coverage of interest payments is not a concern.