Qingdao Haier BiomedicalLtd Balance Sheet Health
Financial Health criteria checks 6/6
Qingdao Haier BiomedicalLtd has a total shareholder equity of CN¥4.6B and total debt of CN¥25.5M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are CN¥5.7B and CN¥1.1B respectively. Qingdao Haier BiomedicalLtd's EBIT is CN¥312.0M making its interest coverage ratio -3. It has cash and short-term investments of CN¥2.0B.
Key information
0.6%
Debt to equity ratio
CN¥25.54m
Debt
| Interest coverage ratio | -3x |
| Cash | CN¥2.00b |
| Equity | CN¥4.56b |
| Total liabilities | CN¥1.13b |
| Total assets | CN¥5.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688139's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥987.9M).
Long Term Liabilities: 688139's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥142.4M).
Debt to Equity History and Analysis
Debt Level: 688139 has more cash than its total debt.
Reducing Debt: 688139's debt to equity ratio has reduced from 32.2% to 0.6% over the past 5 years.
Debt Coverage: 688139's debt is well covered by operating cash flow (862.4%).
Interest Coverage: 688139 earns more interest than it pays, so coverage of interest payments is not a concern.