Tonghua Dongbao Pharmaceutical Balance Sheet Health
Financial Health criteria checks 6/6
Tonghua Dongbao Pharmaceutical has a total shareholder equity of CN¥7.4B and total debt of CN¥230.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥7.9B and CN¥467.0M respectively. Tonghua Dongbao Pharmaceutical's EBIT is CN¥1.2B making its interest coverage ratio -11.5. It has cash and short-term investments of CN¥1.2B.
Key information
3.1%
Debt to equity ratio
CN¥230.00m
Debt
Interest coverage ratio | -11.5x |
Cash | CN¥1.17b |
Equity | CN¥7.43b |
Total liabilities | CN¥467.01m |
Total assets | CN¥7.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600867's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥432.5M).
Long Term Liabilities: 600867's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥34.5M).
Debt to Equity History and Analysis
Debt Level: 600867 has more cash than its total debt.
Reducing Debt: 600867's debt to equity ratio has reduced from 14.1% to 3.1% over the past 5 years.
Debt Coverage: 600867's debt is well covered by operating cash flow (373.2%).
Interest Coverage: 600867 earns more interest than it pays, so coverage of interest payments is not a concern.