Sichuan Gangtong Medical Equipment Group Balance Sheet Health
Financial Health criteria checks 4/6
Sichuan Gangtong Medical Equipment Group has a total shareholder equity of CN¥1.3B and total debt of CN¥114.0M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥1.9B and CN¥608.0M respectively. Sichuan Gangtong Medical Equipment Group's EBIT is CN¥54.3M making its interest coverage ratio -6.9. It has cash and short-term investments of CN¥669.5M.
Key information
8.7%
Debt to equity ratio
CN¥114.00m
Debt
Interest coverage ratio | -6.9x |
Cash | CN¥669.47m |
Equity | CN¥1.31b |
Total liabilities | CN¥607.99m |
Total assets | CN¥1.92b |
Financial Position Analysis
Short Term Liabilities: 301515's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥557.0M).
Long Term Liabilities: 301515's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥51.0M).
Debt to Equity History and Analysis
Debt Level: 301515 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 301515's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 301515's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 301515 earns more interest than it pays, so coverage of interest payments is not a concern.