Ningbo Tianyi Medical Appliance Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Tianyi Medical Appliance has a total shareholder equity of CN¥1.2B and total debt of CN¥388.3M, which brings its debt-to-equity ratio to 32.3%. Its total assets and total liabilities are CN¥1.7B and CN¥511.3M respectively. Ningbo Tianyi Medical Appliance's EBIT is CN¥819.6K making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥761.7M.
Key information
32.3%
Debt to equity ratio
CN¥388.33m
Debt
| Interest coverage ratio | -0.1x |
| Cash | CN¥761.73m |
| Equity | CN¥1.20b |
| Total liabilities | CN¥511.32m |
| Total assets | CN¥1.71b |
Recent financial health updates
No updates
Recent updates
Why Ningbo Tianyi Medical Appliance's (SZSE:301097) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 04
Ningbo Tianyi Medical Appliance's (SZSE:301097) Anemic Earnings Might Be Worse Than You Think
May 01Ningbo Tianyi Medical Appliance (SZSE:301097) Could Be Struggling To Allocate Capital
Mar 14Financial Position Analysis
Short Term Liabilities: 301097's short term assets (CN¥925.7M) exceed its short term liabilities (CN¥240.5M).
Long Term Liabilities: 301097's short term assets (CN¥925.7M) exceed its long term liabilities (CN¥270.9M).
Debt to Equity History and Analysis
Debt Level: 301097 has more cash than its total debt.
Reducing Debt: 301097's debt to equity ratio has increased from 21.4% to 32.3% over the past 5 years.
Debt Coverage: 301097's debt is well covered by operating cash flow (24.4%).
Interest Coverage: 301097 earns more interest than it pays, so coverage of interest payments is not a concern.