Meinian Onehealth Healthcare Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Meinian Onehealth Healthcare Holdings has a total shareholder equity of CN¥8.1B and total debt of CN¥3.4B, which brings its debt-to-equity ratio to 42.5%. Its total assets and total liabilities are CN¥18.5B and CN¥10.4B respectively. Meinian Onehealth Healthcare Holdings's EBIT is CN¥1.1B making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥2.0B.
Key information
42.5%
Debt to equity ratio
CN¥3.45b
Debt
Interest coverage ratio | 3.7x |
Cash | CN¥2.02b |
Equity | CN¥8.11b |
Total liabilities | CN¥10.41b |
Total assets | CN¥18.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002044's short term assets (CN¥5.5B) do not cover its short term liabilities (CN¥7.5B).
Long Term Liabilities: 002044's short term assets (CN¥5.5B) exceed its long term liabilities (CN¥2.9B).
Debt to Equity History and Analysis
Debt Level: 002044's net debt to equity ratio (17.5%) is considered satisfactory.
Reducing Debt: 002044's debt to equity ratio has reduced from 87% to 42.5% over the past 5 years.
Debt Coverage: 002044's debt is well covered by operating cash flow (44.7%).
Interest Coverage: 002044's interest payments on its debt are well covered by EBIT (3.7x coverage).