New Journey Health Technology GroupLTD Balance Sheet Health
Financial Health criteria checks 2/6
New Journey Health Technology GroupLTD has a total shareholder equity of CN¥2.3B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are CN¥6.2B and CN¥3.9B respectively. New Journey Health Technology GroupLTD's EBIT is CN¥181.6M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥493.7M.
Key information
73.7%
Debt to equity ratio
CN¥1.69b
Debt
Interest coverage ratio | 1.8x |
Cash | CN¥493.71m |
Equity | CN¥2.29b |
Total liabilities | CN¥3.90b |
Total assets | CN¥6.19b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002219's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002219's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥895.2M).
Debt to Equity History and Analysis
Debt Level: 002219's net debt to equity ratio (52.1%) is considered high.
Reducing Debt: 002219's debt to equity ratio has reduced from 100.3% to 73.7% over the past 5 years.
Debt Coverage: 002219's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 002219's interest payments on its debt are not well covered by EBIT (1.8x coverage).