Double Medical Technology Balance Sheet Health
Financial Health criteria checks 5/6
Double Medical Technology has a total shareholder equity of CN¥3.3B and total debt of CN¥363.7M, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are CN¥4.5B and CN¥1.2B respectively. Double Medical Technology's EBIT is CN¥173.9M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥1.3B.
Key information
11.2%
Debt to equity ratio
CN¥363.72m
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥1.26b |
| Equity | CN¥3.26b |
| Total liabilities | CN¥1.20b |
| Total assets | CN¥4.46b |
Recent financial health updates
Is Double Medical Technology (SZSE:002901) A Risky Investment?
Sep 27
Double Medical Technology (SZSE:002901) Seems To Use Debt Quite Sensibly
Jun 19Recent updates
Market Participants Recognise Double Medical Technology Inc.'s (SZSE:002901) Revenues Pushing Shares 29% Higher
Oct 01Is Double Medical Technology (SZSE:002901) A Risky Investment?
Sep 27Capital Allocation Trends At Double Medical Technology (SZSE:002901) Aren't Ideal
Sep 05Double Medical Technology (SZSE:002901) Seems To Use Debt Quite Sensibly
Jun 19Investors Could Be Concerned With Double Medical Technology's (SZSE:002901) Returns On Capital
May 28Financial Position Analysis
Short Term Liabilities: 002901's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥913.0M).
Long Term Liabilities: 002901's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥289.4M).
Debt to Equity History and Analysis
Debt Level: 002901 has more cash than its total debt.
Reducing Debt: 002901's debt to equity ratio has increased from 0% to 11.2% over the past 5 years.
Debt Coverage: 002901's debt is well covered by operating cash flow (74.9%).
Interest Coverage: 002901 earns more interest than it pays, so coverage of interest payments is not a concern.