Touchstone International Medical Science Balance Sheet Health
Financial Health criteria checks 6/6
Touchstone International Medical Science has a total shareholder equity of CN¥599.9M and total debt of CN¥813.5K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥650.7M and CN¥50.8M respectively. Touchstone International Medical Science's EBIT is CN¥38.4M making its interest coverage ratio -6.8. It has cash and short-term investments of CN¥416.9M.
Key information
0.1%
Debt to equity ratio
CN¥813.48k
Debt
| Interest coverage ratio | -6.8x |
| Cash | CN¥416.88m |
| Equity | CN¥599.93m |
| Total liabilities | CN¥50.77m |
| Total assets | CN¥650.70m |
Financial Position Analysis
Short Term Liabilities: 688013's short term assets (CN¥479.4M) exceed its short term liabilities (CN¥46.9M).
Long Term Liabilities: 688013's short term assets (CN¥479.4M) exceed its long term liabilities (CN¥3.9M).
Debt to Equity History and Analysis
Debt Level: 688013 has more cash than its total debt.
Reducing Debt: 688013's debt to equity ratio has reduced from 4.8% to 0.1% over the past 5 years.
Debt Coverage: 688013's debt is well covered by operating cash flow (7820.8%).
Interest Coverage: 688013 earns more interest than it pays, so coverage of interest payments is not a concern.