Motic (Xiamen) Electric GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
Motic (Xiamen) Electric GroupLtd has a total shareholder equity of CN¥1.8B and total debt of CN¥6.7M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥2.3B and CN¥485.5M respectively. Motic (Xiamen) Electric GroupLtd's EBIT is CN¥166.1M making its interest coverage ratio -28.7. It has cash and short-term investments of CN¥797.1M.
Key information
0.4%
Debt to equity ratio
CN¥6.66m
Debt
| Interest coverage ratio | -28.7x |
| Cash | CN¥797.09m |
| Equity | CN¥1.84b |
| Total liabilities | CN¥485.49m |
| Total assets | CN¥2.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300341's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥455.3M).
Long Term Liabilities: 300341's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥30.2M).
Debt to Equity History and Analysis
Debt Level: 300341 has more cash than its total debt.
Reducing Debt: 300341's debt to equity ratio has reduced from 15.1% to 0.4% over the past 5 years.
Debt Coverage: 300341's debt is well covered by operating cash flow (4957.2%).
Interest Coverage: 300341 earns more interest than it pays, so coverage of interest payments is not a concern.