Well Lead Medical Balance Sheet Health
Financial Health criteria checks 5/6
Well Lead Medical has a total shareholder equity of CN¥1.9B and total debt of CN¥548.2M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CN¥2.7B and CN¥885.3M respectively. Well Lead Medical's EBIT is CN¥252.2M making its interest coverage ratio -72.1. It has cash and short-term investments of CN¥427.4M.
Key information
29.6%
Debt to equity ratio
CN¥548.18m
Debt
| Interest coverage ratio | -72.1x |
| Cash | CN¥427.39m |
| Equity | CN¥1.85b |
| Total liabilities | CN¥885.35m |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 603309's short term assets (CN¥920.8M) exceed its short term liabilities (CN¥483.4M).
Long Term Liabilities: 603309's short term assets (CN¥920.8M) exceed its long term liabilities (CN¥401.9M).
Debt to Equity History and Analysis
Debt Level: 603309's net debt to equity ratio (6.5%) is considered satisfactory.
Reducing Debt: 603309's debt to equity ratio has increased from 24.9% to 29.6% over the past 5 years.
Debt Coverage: 603309's debt is well covered by operating cash flow (42.3%).
Interest Coverage: 603309 earns more interest than it pays, so coverage of interest payments is not a concern.