Mingchen HealthLtd Balance Sheet Health
Financial Health criteria checks 5/6
Mingchen HealthLtd has a total shareholder equity of CN¥854.7M and total debt of CN¥24.0M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥1.3B and CN¥417.3M respectively. Mingchen HealthLtd's EBIT is CN¥129.3M making its interest coverage ratio -1582.9. It has cash and short-term investments of CN¥130.7M.
Key information
2.8%
Debt to equity ratio
CN¥24.02m
Debt
| Interest coverage ratio | -1582.9x |
| Cash | CN¥130.66m |
| Equity | CN¥854.68m |
| Total liabilities | CN¥417.29m |
| Total assets | CN¥1.27b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002919's short term assets (CN¥884.9M) exceed its short term liabilities (CN¥400.7M).
Long Term Liabilities: 002919's short term assets (CN¥884.9M) exceed its long term liabilities (CN¥16.6M).
Debt to Equity History and Analysis
Debt Level: 002919 has more cash than its total debt.
Reducing Debt: 002919's debt to equity ratio has increased from 0% to 2.8% over the past 5 years.
Debt Coverage: 002919's debt is well covered by operating cash flow (408.1%).
Interest Coverage: 002919 earns more interest than it pays, so coverage of interest payments is not a concern.