CareRay Digital Medical Technology Balance Sheet Health
Financial Health criteria checks 6/6
CareRay Digital Medical Technology has a total shareholder equity of CN¥854.7M and total debt of CN¥3.3M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥920.6M and CN¥65.9M respectively. CareRay Digital Medical Technology's EBIT is CN¥20.6M making its interest coverage ratio -36.3. It has cash and short-term investments of CN¥578.9M.
Key information
0.4%
Debt to equity ratio
CN¥3.26m
Debt
Interest coverage ratio | -36.3x |
Cash | CN¥578.93m |
Equity | CN¥854.65m |
Total liabilities | CN¥65.92m |
Total assets | CN¥920.58m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688607's short term assets (CN¥762.6M) exceed its short term liabilities (CN¥59.2M).
Long Term Liabilities: 688607's short term assets (CN¥762.6M) exceed its long term liabilities (CN¥6.7M).
Debt to Equity History and Analysis
Debt Level: 688607 has more cash than its total debt.
Reducing Debt: 688607's debt to equity ratio has reduced from 5.3% to 0.4% over the past 5 years.
Debt Coverage: 688607's debt is well covered by operating cash flow (374.1%).
Interest Coverage: 688607 earns more interest than it pays, so coverage of interest payments is not a concern.