Miracle Automation EngineeringLtd Balance Sheet Health
Financial Health criteria checks 2/6
Miracle Automation EngineeringLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 101.3%. Its total assets and total liabilities are CN¥5.9B and CN¥3.8B respectively.
Key information
101.3%
Debt to equity ratio
CN¥2.15b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥771.82m |
| Equity | CN¥2.13b |
| Total liabilities | CN¥3.82b |
| Total assets | CN¥5.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002009's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 002009's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥519.0M).
Debt to Equity History and Analysis
Debt Level: 002009's net debt to equity ratio (65%) is considered high.
Reducing Debt: 002009's debt to equity ratio has increased from 72.4% to 101.3% over the past 5 years.
Debt Coverage: 002009's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: Insufficient data to determine if 002009's interest payments on its debt are well covered by EBIT.