Lushang Freda PharmaceuticalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Lushang Freda PharmaceuticalLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥457.4M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥6.1B and CN¥1.3B respectively. Lushang Freda PharmaceuticalLtd's EBIT is CN¥194.1M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥2.9B.
Key information
9.6%
Debt to equity ratio
CN¥457.35m
Debt
| Interest coverage ratio | -2.2x |
| Cash | CN¥2.94b |
| Equity | CN¥4.76b |
| Total liabilities | CN¥1.34b |
| Total assets | CN¥6.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600223's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 600223's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥106.7M).
Debt to Equity History and Analysis
Debt Level: 600223 has more cash than its total debt.
Reducing Debt: 600223's debt to equity ratio has reduced from 331.6% to 9.6% over the past 5 years.
Debt Coverage: 600223's debt is well covered by operating cash flow (45.4%).
Interest Coverage: 600223 earns more interest than it pays, so coverage of interest payments is not a concern.