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 13.5%. Its total assets and total liabilities are CN¥15.4B and CN¥7.5B respectively. Shinva Medical InstrumentLtd's EBIT is CN¥712.6M making its interest coverage ratio -10.8. It has cash and short-term investments of CN¥2.5B.
Key information
13.5%
Debt to equity ratio
CN¥1.06b
Debt
| Interest coverage ratio | -10.8x |
| Cash | CN¥2.52b |
| Equity | CN¥7.90b |
| Total liabilities | CN¥7.49b |
| Total assets | CN¥15.39b |
Recent financial health updates
Is Shinva Medical InstrumentLtd (SHSE:600587) Using Too Much Debt?
Aug 08
Does Shinva Medical InstrumentLtd (SHSE:600587) Have A Healthy Balance Sheet?
Apr 22Recent updates
Estimating The Fair Value Of Shinva Medical Instrument Co.,Ltd. (SHSE:600587)
Oct 01Returns At Shinva Medical InstrumentLtd (SHSE:600587) Are On The Way Up
Sep 16Is Shinva Medical InstrumentLtd (SHSE:600587) Using Too Much Debt?
Aug 08Shinva Medical Instrument Co.,Ltd.'s (SHSE:600587) Business And Shares Still Trailing The Market
Jul 18Does This Valuation Of Shinva Medical Instrument Co.,Ltd. (SHSE:600587) Imply Investors Are Overpaying?
Jun 07Does Shinva Medical InstrumentLtd (SHSE:600587) Have A Healthy Balance Sheet?
Apr 22Shinva Medical InstrumentLtd's (SHSE:600587) Returns On Capital Not Reflecting Well On The Business
Mar 28Financial Position Analysis
Short Term Liabilities: 600587's short term assets (CN¥9.4B) exceed its short term liabilities (CN¥7.1B).
Long Term Liabilities: 600587's short term assets (CN¥9.4B) exceed its long term liabilities (CN¥350.9M).
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 82.5% to 13.5% over the past 5 years.
Debt Coverage: 600587's debt is well covered by operating cash flow (66.4%).
Interest Coverage: 600587 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:10 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shinva Medical Instrument Co.,Ltd. is covered by 15 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shuchang Liu | Changjiang Securities Co. LTD. |
| Huimin Wu | China International Capital Corporation Limited |
| Andy Liu | China Stock Investment Research Co. Ltd. (GZ500..com) |