MayAir Technology (China) Balance Sheet Health
Financial Health criteria checks 4/6
MayAir Technology (China) has a total shareholder equity of CN¥1.8B and total debt of CN¥663.5M, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are CN¥3.3B and CN¥1.6B respectively. MayAir Technology (China)'s EBIT is CN¥206.5M making its interest coverage ratio -190.6. It has cash and short-term investments of CN¥895.4M.
Key information
37.7%
Debt to equity ratio
CN¥663.52m
Debt
| Interest coverage ratio | -190.6x |
| Cash | CN¥895.44m |
| Equity | CN¥1.76b |
| Total liabilities | CN¥1.56b |
| Total assets | CN¥3.32b |
Recent financial health updates
Recent updates
Concerns Surrounding MayAir Technology (China)'s (SHSE:688376) Performance
Nov 02
MayAir Technology (China) (SHSE:688376) Is Reinvesting At Lower Rates Of Return
Oct 24MayAir Technology (China)'s (SHSE:688376) Earnings Are Of Questionable Quality
May 02Here's Why MayAir Technology (China) (SHSE:688376) Can Manage Its Debt Responsibly
Mar 27Financial Position Analysis
Short Term Liabilities: 688376's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 688376's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥341.3M).
Debt to Equity History and Analysis
Debt Level: 688376 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688376's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688376's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688376 earns more interest than it pays, so coverage of interest payments is not a concern.