Novogene Balance Sheet Health
Financial Health criteria checks 6/6
Novogene has a total shareholder equity of CN¥2.4B and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are CN¥3.5B and CN¥1.0B respectively. Novogene's EBIT is CN¥171.0M making its interest coverage ratio -6.3. It has cash and short-term investments of CN¥1.2B.
Key information
0.04%
Debt to equity ratio
CN¥1.02m
Debt
Interest coverage ratio | -6.3x |
Cash | CN¥1.18b |
Equity | CN¥2.45b |
Total liabilities | CN¥1.01b |
Total assets | CN¥3.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688315's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥985.8M).
Long Term Liabilities: 688315's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥26.5M).
Debt to Equity History and Analysis
Debt Level: 688315 has more cash than its total debt.
Reducing Debt: 688315's debt to equity ratio has reduced from 2.2% to 0.04% over the past 5 years.
Debt Coverage: 688315's debt is well covered by operating cash flow (24593.7%).
Interest Coverage: 688315 earns more interest than it pays, so coverage of interest payments is not a concern.