China Traditional Chinese Medicine Holdings Balance Sheet Health
Financial Health criteria checks 5/6
China Traditional Chinese Medicine Holdings has a total shareholder equity of CN¥23.9B and total debt of CN¥5.1B, which brings its debt-to-equity ratio to 21.1%. Its total assets and total liabilities are CN¥37.1B and CN¥13.1B respectively. China Traditional Chinese Medicine Holdings's EBIT is CN¥1.3B making its interest coverage ratio 10.1. It has cash and short-term investments of CN¥3.9B.
Key information
21.1%
Debt to equity ratio
CN¥5.06b
Debt
Interest coverage ratio | 10.1x |
Cash | CN¥3.90b |
Equity | CN¥23.94b |
Total liabilities | CN¥13.13b |
Total assets | CN¥37.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 570's short term assets (CN¥19.8B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 570's short term assets (CN¥19.8B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 570's net debt to equity ratio (4.8%) is considered satisfactory.
Reducing Debt: 570's debt to equity ratio has reduced from 35% to 21.1% over the past 5 years.
Debt Coverage: 570's debt is not well covered by operating cash flow (4.4%).
Interest Coverage: 570's interest payments on its debt are well covered by EBIT (10.1x coverage).