Contec Medical SystemsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Contec Medical SystemsLtd has a total shareholder equity of CN¥2.0B and total debt of CN¥942.2M, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are CN¥3.1B and CN¥1.0B respectively. Contec Medical SystemsLtd's EBIT is CN¥4.4M making its interest coverage ratio -0.2. It has cash and short-term investments of CN¥1.4B.
Key information
46.0%
Debt to equity ratio
CN¥942.25m
Debt
Interest coverage ratio | -0.2x |
Cash | CN¥1.44b |
Equity | CN¥2.05b |
Total liabilities | CN¥1.05b |
Total assets | CN¥3.10b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300869's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥333.6M).
Long Term Liabilities: 300869's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥715.7M).
Debt to Equity History and Analysis
Debt Level: 300869 has more cash than its total debt.
Reducing Debt: 300869's debt to equity ratio has increased from 0% to 46% over the past 5 years.
Debt Coverage: 300869's debt is not well covered by operating cash flow (8.4%).
Interest Coverage: 300869 earns more interest than it pays, so coverage of interest payments is not a concern.