China Marine Information Electronics Balance Sheet Health
Financial Health criteria checks 5/6
China Marine Information Electronics has a total shareholder equity of CN¥7.7B and total debt of CN¥781.9M, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are CN¥11.1B and CN¥3.3B respectively. China Marine Information Electronics's EBIT is CN¥415.8M making its interest coverage ratio -23.5. It has cash and short-term investments of CN¥2.6B.
Key information
10.1%
Debt to equity ratio
CN¥781.90m
Debt
| Interest coverage ratio | -23.5x |
| Cash | CN¥2.57b |
| Equity | CN¥7.73b |
| Total liabilities | CN¥3.32b |
| Total assets | CN¥11.05b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600764's short term assets (CN¥9.0B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 600764's short term assets (CN¥9.0B) exceed its long term liabilities (CN¥540.5M).
Debt to Equity History and Analysis
Debt Level: 600764 has more cash than its total debt.
Reducing Debt: 600764's debt to equity ratio has increased from 9.6% to 10.1% over the past 5 years.
Debt Coverage: 600764's debt is well covered by operating cash flow (47%).
Interest Coverage: 600764 earns more interest than it pays, so coverage of interest payments is not a concern.