New Journey Health Technology GroupLTD Balance Sheet Health
Financial Health criteria checks 2/6
New Journey Health Technology GroupLTD has a total shareholder equity of CN¥2.3B and total debt of CN¥1.8B, which brings its debt-to-equity ratio to 75.8%. Its total assets and total liabilities are CN¥6.3B and CN¥4.0B respectively. New Journey Health Technology GroupLTD's EBIT is CN¥177.1M making its interest coverage ratio 1.7. It has cash and short-term investments of CN¥492.3M.
Key information
75.8%
Debt to equity ratio
CN¥1.78b
Debt
| Interest coverage ratio | 1.7x |
| Cash | CN¥492.29m |
| Equity | CN¥2.35b |
| Total liabilities | CN¥3.96b |
| Total assets | CN¥6.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002219's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002219's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥694.6M).
Debt to Equity History and Analysis
Debt Level: 002219's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: 002219's debt to equity ratio has reduced from 115.6% to 75.8% over the past 5 years.
Debt Coverage: 002219's debt is not well covered by operating cash flow (17.5%).
Interest Coverage: 002219's interest payments on its debt are not well covered by EBIT (1.7x coverage).