Shenzhen Magic Design & Decoration Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Magic Design & Decoration Engineering has a total shareholder equity of CN¥542.7M and total debt of CN¥586.1M, which brings its debt-to-equity ratio to 108%. Its total assets and total liabilities are CN¥2.2B and CN¥1.7B respectively.
Key information
108.0%
Debt to equity ratio
CN¥586.06m
Debt
Interest coverage ratio | n/a |
Cash | CN¥79.89m |
Equity | CN¥542.67m |
Total liabilities | CN¥1.66b |
Total assets | CN¥2.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002856's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002856's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥104.9M).
Debt to Equity History and Analysis
Debt Level: 002856's net debt to equity ratio (93.3%) is considered high.
Reducing Debt: 002856's debt to equity ratio has increased from 24.5% to 108% over the past 5 years.
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: Whilst unprofitable 002856 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002856 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.9% per year.