Guangzhou Kingmed Diagnostics Group Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Kingmed Diagnostics Group has a total shareholder equity of CN¥8.0B and total debt of CN¥579.4M, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are CN¥11.0B and CN¥3.0B respectively. Guangzhou Kingmed Diagnostics Group's EBIT is CN¥116.7M making its interest coverage ratio -29. It has cash and short-term investments of CN¥1.9B.
Key information
7.2%
Debt to equity ratio
CN¥579.42m
Debt
| Interest coverage ratio | -29x |
| Cash | CN¥1.94b |
| Equity | CN¥8.01b |
| Total liabilities | CN¥2.97b |
| Total assets | CN¥10.98b |
Recent financial health updates
Recent updates
Guangzhou Kingmed Diagnostics Group's (SHSE:603882) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 06
Earnings Tell The Story For Guangzhou Kingmed Diagnostics Group Co., Ltd. (SHSE:603882)
Sep 27Guangzhou Kingmed Diagnostics Group Co., Ltd. Just Missed Revenue By 9.5%: Here's What Analysts Think Will Happen Next
Sep 03Is Guangzhou Kingmed Diagnostics Group (SHSE:603882) Using Too Much Debt?
Aug 25A Look At The Fair Value Of Guangzhou Kingmed Diagnostics Group Co., Ltd. (SHSE:603882)
Jun 04Guangzhou Kingmed Diagnostics Group's (SHSE:603882) Shareholders Have More To Worry About Than Only Soft Earnings
May 02Investors Don't See Light At End Of Guangzhou Kingmed Diagnostics Group Co., Ltd.'s (SHSE:603882) Tunnel And Push Stock Down 26%
Apr 17Investor Optimism Abounds Guangzhou Kingmed Diagnostics Group Co., Ltd. (SHSE:603882) But Growth Is Lacking
Feb 28Financial Position Analysis
Short Term Liabilities: 603882's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 603882's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥644.3M).
Debt to Equity History and Analysis
Debt Level: 603882 has more cash than its total debt.
Reducing Debt: 603882's debt to equity ratio has reduced from 30% to 7.2% over the past 5 years.
Debt Coverage: 603882's debt is well covered by operating cash flow (178.6%).
Interest Coverage: 603882 earns more interest than it pays, so coverage of interest payments is not a concern.