Cofoe Medical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cofoe Medical TechnologyLtd has a total shareholder equity of CN¥4.9B and total debt of CN¥485.6M, which brings its debt-to-equity ratio to 9.9%. Its total assets and total liabilities are CN¥6.2B and CN¥1.3B respectively. Cofoe Medical TechnologyLtd's EBIT is CN¥373.9M making its interest coverage ratio -4.7. It has cash and short-term investments of CN¥2.5B.
Key information
9.9%
Debt to equity ratio
CN¥485.62m
Debt
Interest coverage ratio | -4.7x |
Cash | CN¥2.51b |
Equity | CN¥4.90b |
Total liabilities | CN¥1.27b |
Total assets | CN¥6.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301087's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 301087's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥260.5M).
Debt to Equity History and Analysis
Debt Level: 301087 has more cash than its total debt.
Reducing Debt: 301087's debt to equity ratio has reduced from 33.8% to 9.9% over the past 5 years.
Debt Coverage: 301087's debt is well covered by operating cash flow (86.2%).
Interest Coverage: 301087 earns more interest than it pays, so coverage of interest payments is not a concern.