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¥2.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are CN¥6.2B and CN¥3.8B respectively. New Journey Health Technology GroupLTD's EBIT is CN¥209.4M making its interest coverage ratio 2. It has cash and short-term investments of CN¥438.0M.
Key information
67.7%
Debt to equity ratio
CN¥1.59b
Debt
| Interest coverage ratio | 2x |
| Cash | CN¥437.98m |
| Equity | CN¥2.35b |
| Total liabilities | CN¥3.83b |
| Total assets | CN¥6.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002219's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥3.1B).
Long Term Liabilities: 002219's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥714.3M).
Debt to Equity History and Analysis
Debt Level: 002219's net debt to equity ratio (49.1%) is considered high.
Reducing Debt: 002219's debt to equity ratio has reduced from 107.1% to 67.7% over the past 5 years.
Debt Coverage: 002219's debt is not well covered by operating cash flow (18.4%).
Interest Coverage: 002219's interest payments on its debt are not well covered by EBIT (2x coverage).