Contec Medical SystemsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Contec Medical SystemsLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are CN¥3.5B and CN¥1.4B respectively. Contec Medical SystemsLtd's EBIT is CN¥205.7M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥1.9B.
Key information
60.3%
Debt to equity ratio
CN¥1.25b
Debt
Interest coverage ratio | -3.5x |
Cash | CN¥1.95b |
Equity | CN¥2.07b |
Total liabilities | CN¥1.39b |
Total assets | CN¥3.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300869's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥692.3M).
Long Term Liabilities: 300869's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥699.3M).
Debt to Equity History and Analysis
Debt Level: 300869 has more cash than its total debt.
Reducing Debt: 300869's debt to equity ratio has increased from 0% to 60.3% over the past 5 years.
Debt Coverage: 300869's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: 300869 earns more interest than it pays, so coverage of interest payments is not a concern.