Joincare Pharmaceutical Group IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Joincare Pharmaceutical Group IndustryLtd has a total shareholder equity of CN¥23.5B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 21.7%. Its total assets and total liabilities are CN¥36.5B and CN¥12.9B respectively. Joincare Pharmaceutical Group IndustryLtd's EBIT is CN¥2.8B making its interest coverage ratio -5.8. It has cash and short-term investments of CN¥15.5B.
Key information
21.7%
Debt to equity ratio
CN¥5.10b
Debt
| Interest coverage ratio | -5.8x |
| Cash | CN¥15.48b |
| Equity | CN¥23.54b |
| Total liabilities | CN¥12.93b |
| Total assets | CN¥36.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600380's short term assets (CN¥23.4B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: 600380's short term assets (CN¥23.4B) exceed its long term liabilities (CN¥3.1B).
Debt to Equity History and Analysis
Debt Level: 600380 has more cash than its total debt.
Reducing Debt: 600380's debt to equity ratio has increased from 10.3% to 21.7% over the past 5 years.
Debt Coverage: 600380's debt is well covered by operating cash flow (91.2%).
Interest Coverage: 600380 earns more interest than it pays, so coverage of interest payments is not a concern.