Ningbo Tianyi Medical Appliance Balance Sheet Health
Financial Health criteria checks 5/6
Ningbo Tianyi Medical Appliance has a total shareholder equity of CN¥1.3B and total debt of CN¥347.5M, which brings its debt-to-equity ratio to 27.1%. Its total assets and total liabilities are CN¥1.8B and CN¥488.5M respectively. Ningbo Tianyi Medical Appliance's EBIT is CN¥17.5M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥895.9M.
Key information
27.1%
Debt to equity ratio
CN¥347.53m
Debt
Interest coverage ratio | -0.6x |
Cash | CN¥895.87m |
Equity | CN¥1.28b |
Total liabilities | CN¥488.46m |
Total assets | CN¥1.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301097's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥270.2M).
Long Term Liabilities: 301097's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥218.3M).
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 15.2% to 27.1% over the past 5 years.
Debt Coverage: 301097's debt is well covered by operating cash flow (28%).
Interest Coverage: 301097 earns more interest than it pays, so coverage of interest payments is not a concern.