Zhejiang Huahai Pharmaceutical Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Huahai Pharmaceutical has a total shareholder equity of CN¥8.5B and total debt of CN¥8.2B, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are CN¥20.1B and CN¥11.6B respectively. Zhejiang Huahai Pharmaceutical's EBIT is CN¥1.5B making its interest coverage ratio 7.8. It has cash and short-term investments of CN¥2.9B.
Key information
96.2%
Debt to equity ratio
CN¥8.17b
Debt
Interest coverage ratio | 7.8x |
Cash | CN¥2.90b |
Equity | CN¥8.49b |
Total liabilities | CN¥11.60b |
Total assets | CN¥20.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600521's short term assets (CN¥8.9B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 600521's short term assets (CN¥8.9B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 600521's net debt to equity ratio (62.1%) is considered high.
Reducing Debt: 600521's debt to equity ratio has increased from 94.6% to 96.2% over the past 5 years.
Debt Coverage: 600521's debt is well covered by operating cash flow (33%).
Interest Coverage: 600521's interest payments on its debt are well covered by EBIT (7.8x coverage).