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¥125.7M, which brings its debt-to-equity ratio to 10.7%. Its total assets and total liabilities are CN¥1.5B and CN¥296.2M respectively. Cowealth Medical ChinaLtd's EBIT is CN¥61.9M making its interest coverage ratio -18.2. It has cash and short-term investments of CN¥196.2M.
Key information
10.7%
Debt to equity ratio
CN¥125.66m
Debt
Interest coverage ratio | -18.2x |
Cash | CN¥196.23m |
Equity | CN¥1.18b |
Total liabilities | CN¥296.22m |
Total assets | CN¥1.47b |
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¥290.6M).
Long Term Liabilities: 603122's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥5.7M).
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 22.8% to 10.7% over the past 5 years.
Debt Coverage: 603122's debt is well covered by operating cash flow (57.7%).
Interest Coverage: 603122 earns more interest than it pays, so coverage of interest payments is not a concern.