Cowealth Medical ChinaLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cowealth Medical ChinaLtd has a total shareholder equity of CN¥1.2B and total debt of CN¥104.8M, which brings its debt-to-equity ratio to 9%. Its total assets and total liabilities are CN¥1.5B and CN¥293.6M respectively. Cowealth Medical ChinaLtd's EBIT is CN¥38.6M making its interest coverage ratio -18.4. It has cash and short-term investments of CN¥186.6M.
Key information
9.0%
Debt to equity ratio
CN¥104.82m
Debt
| Interest coverage ratio | -18.4x |
| Cash | CN¥186.64m |
| Equity | CN¥1.17b |
| Total liabilities | CN¥293.65m |
| Total assets | CN¥1.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603122's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥291.0M).
Long Term Liabilities: 603122's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥2.6M).
Debt to Equity History and Analysis
Debt Level: 603122 has more cash than its total debt.
Reducing Debt: 603122's debt to equity ratio has reduced from 13.8% to 9% over the past 5 years.
Debt Coverage: 603122's debt is well covered by operating cash flow (59.4%).
Interest Coverage: 603122 earns more interest than it pays, so coverage of interest payments is not a concern.