Jiangsu Canopus Wisdom Medical TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Canopus Wisdom Medical TechnologyLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥16.3M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥2.4B and CN¥194.5M respectively. Jiangsu Canopus Wisdom Medical TechnologyLtd's EBIT is CN¥51.2M making its interest coverage ratio -1.5. It has cash and short-term investments of CN¥1.2B.
Key information
0.7%
Debt to equity ratio
CN¥16.32m
Debt
| Interest coverage ratio | -1.5x |
| Cash | CN¥1.17b |
| Equity | CN¥2.22b |
| Total liabilities | CN¥194.46m |
| Total assets | CN¥2.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301290's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥174.8M).
Long Term Liabilities: 301290's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥19.7M).
Debt to Equity History and Analysis
Debt Level: 301290 has more cash than its total debt.
Reducing Debt: 301290's debt to equity ratio has reduced from 3.1% to 0.7% over the past 5 years.
Debt Coverage: 301290's debt is well covered by operating cash flow (919.9%).
Interest Coverage: 301290 earns more interest than it pays, so coverage of interest payments is not a concern.