Guangzhou Kingmed Diagnostics Group Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Kingmed Diagnostics Group has a total shareholder equity of CN¥8.4B and total debt of CN¥444.5M, which brings its debt-to-equity ratio to 5.3%. Its total assets and total liabilities are CN¥11.6B and CN¥3.2B respectively. Guangzhou Kingmed Diagnostics Group's EBIT is CN¥208.7M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥2.1B.
Key information
5.3%
Debt to equity ratio
CN¥444.55m
Debt
| Interest coverage ratio | -0.8x |
| Cash | CN¥2.11b |
| Equity | CN¥8.38b |
| Total liabilities | CN¥3.22b |
| Total assets | CN¥11.60b |
Recent financial health updates
Recent updates
Is Guangzhou Kingmed Diagnostics Group (SHSE:603882) Using Too Much Debt?
Aug 25
A 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¥8.1B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 603882's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥566.8M).
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 39.3% to 5.3% over the past 5 years.
Debt Coverage: 603882's debt is well covered by operating cash flow (196.3%).
Interest Coverage: 603882 earns more interest than it pays, so coverage of interest payments is not a concern.