Shinva Medical InstrumentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shinva Medical InstrumentLtd has a total shareholder equity of CN¥7.9B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are CN¥15.4B and CN¥7.6B respectively. Shinva Medical InstrumentLtd's EBIT is CN¥664.7M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥2.8B.
Key information
13.6%
Debt to equity ratio
CN¥1.07b
Debt
Interest coverage ratio | -8.8x |
Cash | CN¥2.82b |
Equity | CN¥7.87b |
Total liabilities | CN¥7.58b |
Total assets | CN¥15.45b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600587's short term assets (CN¥9.3B) exceed its short term liabilities (CN¥7.2B).
Long Term Liabilities: 600587's short term assets (CN¥9.3B) exceed its long term liabilities (CN¥394.0M).
Debt to Equity History and Analysis
Debt Level: 600587 has more cash than its total debt.
Reducing Debt: 600587's debt to equity ratio has reduced from 94.2% to 13.6% over the past 5 years.
Debt Coverage: 600587's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 600587 earns more interest than it pays, so coverage of interest payments is not a concern.