Shinva Medical InstrumentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shinva Medical InstrumentLtd has a total shareholder equity of CN¥7.7B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 13.4%. Its total assets and total liabilities are CN¥15.6B and CN¥7.9B respectively. Shinva Medical InstrumentLtd's EBIT is CN¥670.3M making its interest coverage ratio -10.5. It has cash and short-term investments of CN¥3.3B.
Key information
13.4%
Debt to equity ratio
CN¥1.04b
Debt
Interest coverage ratio | -10.5x |
Cash | CN¥3.29b |
Equity | CN¥7.72b |
Total liabilities | CN¥7.87b |
Total assets | CN¥15.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600587's short term assets (CN¥9.5B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 600587's short term assets (CN¥9.5B) exceed its long term liabilities (CN¥353.3M).
Debt to Equity History and Analysis
Debt Level: 600587 has more cash than its total debt.
Reducing Debt: 600587's debt to equity ratio has reduced from 102.3% to 13.4% over the past 5 years.
Debt Coverage: 600587's debt is well covered by operating cash flow (99.2%).
Interest Coverage: 600587 earns more interest than it pays, so coverage of interest payments is not a concern.