Zhejiang Jolly PharmaceuticalLTD Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jolly PharmaceuticalLTD has a total shareholder equity of CN¥2.6B and total debt of CN¥381.6M, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are CN¥3.9B and CN¥1.2B respectively. Zhejiang Jolly PharmaceuticalLTD's EBIT is CN¥592.6M making its interest coverage ratio -58.9. It has cash and short-term investments of CN¥786.3M.
Key information
14.4%
Debt to equity ratio
CN¥381.56m
Debt
| Interest coverage ratio | -58.9x |
| Cash | CN¥786.31m |
| Equity | CN¥2.64b |
| Total liabilities | CN¥1.23b |
| Total assets | CN¥3.87b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300181's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 300181's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥57.1M).
Debt to Equity History and Analysis
Debt Level: 300181 has more cash than its total debt.
Reducing Debt: 300181's debt to equity ratio has reduced from 27.8% to 14.4% over the past 5 years.
Debt Coverage: 300181's debt is well covered by operating cash flow (73%).
Interest Coverage: 300181 earns more interest than it pays, so coverage of interest payments is not a concern.