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¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥920.6M and CN¥65.9M respectively. CareRay Digital Medical Technology's EBIT is CN¥8.0M making its interest coverage ratio -0.8. It has cash and short-term investments of CN¥578.9M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -0.8x |
| 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 is debt free.
Reducing Debt: 688607 has no debt compared to 5 years ago when its debt to equity ratio was 5.3%.
Debt Coverage: 688607 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688607 has no debt, therefore coverage of interest payments is not a concern.