Cofoe Medical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Cofoe Medical TechnologyLtd has a total shareholder equity of CN¥4.8B and total debt of CN¥762.1M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥6.4B and CN¥1.6B respectively. Cofoe Medical TechnologyLtd's EBIT is CN¥191.9M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥2.5B.
Key information
15.8%
Debt to equity ratio
CN¥762.08m
Debt
| Interest coverage ratio | -2.4x |
| Cash | CN¥2.50b |
| Equity | CN¥4.81b |
| Total liabilities | CN¥1.58b |
| Total assets | CN¥6.39b |
Financial Position Analysis
Short Term Liabilities: 301087's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 301087's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥298.2M).
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 17.3% to 15.8% over the past 5 years.
Debt Coverage: 301087's debt is well covered by operating cash flow (46.6%).
Interest Coverage: 301087 earns more interest than it pays, so coverage of interest payments is not a concern.