Zhejiang Taimei Medical Technology Balance Sheet Health

Financial Health criteria checks 6/6

Zhejiang Taimei Medical Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.3B and CN¥322.1M respectively.

Key information

Debt to equity ratio

CN¥0

Debt

Interest coverage ratio	n/a
Cash	CN¥978.70m
Equity	CN¥1.02b
Total liabilities	CN¥322.13m
Total assets	CN¥1.34b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 2576's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥278.4M).

Long Term Liabilities: 2576's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥43.7M).

Debt to Equity History and Analysis

Debt Level: 2576 is debt free.

Reducing Debt: 2576 has no debt compared to 5 years ago when its debt to equity ratio was 0.7%.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 2576 has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: 2576 has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 25.5% each year.

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 23:52
End of Day Share Price	2024/12/20 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Zhejiang Taimei Medical Technology Co., Ltd. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Yang Liu	Morgan Stanley