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.