Innovita Biological Technology Co., Ltd.

SHSE:688253 Stock Report

Market Cap: CN¥5.7b

Innovita Biological Technology Balance Sheet Health

Financial Health criteria checks 6/6

Innovita Biological Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.2B and CN¥126.4M respectively. Innovita Biological Technology's EBIT is CN¥334.3M making its interest coverage ratio -11.6. It has cash and short-term investments of CN¥1.9B.

Key information

0%

Debt to equity ratio

CN¥0

Debt

Interest coverage ratio-11.6x
CashCN¥1.86b
EquityCN¥2.04b
Total liabilitiesCN¥126.42m
Total assetsCN¥2.17b

Recent financial health updates

No updates

Recent updates

We Think Innovita Biological Technology's (SHSE:688253) Robust Earnings Are Conservative

Nov 01
We Think Innovita Biological Technology's (SHSE:688253) Robust Earnings Are Conservative

Investors Could Be Concerned With Innovita Biological Technology's (SHSE:688253) Returns On Capital

Sep 28
Investors Could Be Concerned With Innovita Biological Technology's (SHSE:688253) Returns On Capital

Statutory Profit Doesn't Reflect How Good Innovita Biological Technology's (SHSE:688253) Earnings Are

Apr 22
Statutory Profit Doesn't Reflect How Good Innovita Biological Technology's (SHSE:688253) Earnings Are

There's Reason For Concern Over Innovita Biological Technology Co., Ltd.'s (SHSE:688253) Massive 25% Price Jump

Mar 20
There's Reason For Concern Over Innovita Biological Technology Co., Ltd.'s (SHSE:688253) Massive 25% Price Jump

Financial Position Analysis

Short Term Liabilities: 688253's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥120.3M).

Long Term Liabilities: 688253's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥6.1M).


Debt to Equity History and Analysis

Debt Level: 688253 is debt free.

Reducing Debt: 688253 has no debt compared to 5 years ago when its debt to equity ratio was 1.1%.

Debt Coverage: 688253 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 688253 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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