Cofoe Medical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cofoe Medical TechnologyLtd has a total shareholder equity of CN¥5.0B and total debt of CN¥647.1M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥6.5B and CN¥1.5B respectively. Cofoe Medical TechnologyLtd's EBIT is CN¥162.0M making its interest coverage ratio -2.3. It has cash and short-term investments of CN¥2.6B.
Key information
13.0%
Debt to equity ratio
CN¥647.09m
Debt
Interest coverage ratio | -2.3x |
Cash | CN¥2.61b |
Equity | CN¥4.98b |
Total liabilities | CN¥1.47b |
Total assets | CN¥6.46b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301087's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 301087's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥317.8M).
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 24.1% to 13% over the past 5 years.
Debt Coverage: 301087's debt is well covered by operating cash flow (72.4%).
Interest Coverage: 301087 earns more interest than it pays, so coverage of interest payments is not a concern.