Zhejiang Tianyu Pharmaceutical Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Tianyu Pharmaceutical has a total shareholder equity of CN¥3.5B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 48.2%. Its total assets and total liabilities are CN¥6.2B and CN¥2.7B respectively. Zhejiang Tianyu Pharmaceutical's EBIT is CN¥258.7M making its interest coverage ratio 6.6. It has cash and short-term investments of CN¥357.3M.
Key information
48.2%
Debt to equity ratio
CN¥1.69b
Debt
Interest coverage ratio | 6.6x |
Cash | CN¥357.34m |
Equity | CN¥3.50b |
Total liabilities | CN¥2.67b |
Total assets | CN¥6.17b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300702's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥2.4B).
Long Term Liabilities: 300702's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥285.7M).
Debt to Equity History and Analysis
Debt Level: 300702's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: 300702's debt to equity ratio has increased from 24.1% to 48.2% over the past 5 years.
Debt Coverage: 300702's debt is not well covered by operating cash flow (7%).
Interest Coverage: 300702's interest payments on its debt are well covered by EBIT (6.6x coverage).