Zhejiang Jiuzhou Pharmaceutical Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Jiuzhou Pharmaceutical has a total shareholder equity of CN¥8.6B and total debt of CN¥492.3M, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are CN¥11.0B and CN¥2.4B respectively. Zhejiang Jiuzhou Pharmaceutical's EBIT is CN¥730.1M making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥2.7B.
Key information
5.7%
Debt to equity ratio
CN¥492.28m
Debt
| Interest coverage ratio | -9.1x |
| Cash | CN¥2.67b |
| Equity | CN¥8.62b |
| Total liabilities | CN¥2.39b |
| Total assets | CN¥11.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603456's short term assets (CN¥6.1B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 603456's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥700.2M).
Debt to Equity History and Analysis
Debt Level: 603456 has more cash than its total debt.
Reducing Debt: 603456's debt to equity ratio has reduced from 12.8% to 5.7% over the past 5 years.
Debt Coverage: 603456's debt is well covered by operating cash flow (176.5%).
Interest Coverage: 603456 earns more interest than it pays, so coverage of interest payments is not a concern.