Well Lead Medical Balance Sheet Health
Financial Health criteria checks 5/6
Well Lead Medical has a total shareholder equity of CN¥1.9B and total debt of CN¥635.6M, which brings its debt-to-equity ratio to 33.6%. Its total assets and total liabilities are CN¥2.8B and CN¥947.8M respectively. Well Lead Medical's EBIT is CN¥218.0M making its interest coverage ratio -56.6. It has cash and short-term investments of CN¥663.8M.
Key information
33.6%
Debt to equity ratio
CN¥635.65m
Debt
Interest coverage ratio | -56.6x |
Cash | CN¥663.80m |
Equity | CN¥1.89b |
Total liabilities | CN¥947.84m |
Total assets | CN¥2.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603309's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥574.9M).
Long Term Liabilities: 603309's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥373.0M).
Debt to Equity History and Analysis
Debt Level: 603309 has more cash than its total debt.
Reducing Debt: 603309's debt to equity ratio has increased from 24.8% to 33.6% over the past 5 years.
Debt Coverage: 603309's debt is well covered by operating cash flow (30.4%).
Interest Coverage: 603309 earns more interest than it pays, so coverage of interest payments is not a concern.