Miracle Automation EngineeringLtd Balance Sheet Health
Financial Health criteria checks 2/6
Miracle Automation EngineeringLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 96.6%. Its total assets and total liabilities are CN¥6.3B and CN¥4.1B respectively.
Key information
96.6%
Debt to equity ratio
CN¥2.11b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥802.91m |
| Equity | CN¥2.18b |
| Total liabilities | CN¥4.11b |
| Total assets | CN¥6.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002009's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥3.6B).
Long Term Liabilities: 002009's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥467.9M).
Debt to Equity History and Analysis
Debt Level: 002009's net debt to equity ratio (59.8%) is considered high.
Reducing Debt: 002009's debt to equity ratio has increased from 51.9% to 96.6% over the past 5 years.
Debt Coverage: 002009's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: Insufficient data to determine if 002009's interest payments on its debt are well covered by EBIT.