Shenzhen Minkave Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Minkave Technology has a total shareholder equity of CN¥156.2M and total debt of CN¥311.0M, which brings its debt-to-equity ratio to 199%. Its total assets and total liabilities are CN¥948.8M and CN¥792.6M respectively.
Key information
199.0%
Debt to equity ratio
CN¥310.97m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥11.82m |
| Equity | CN¥156.25m |
| Total liabilities | CN¥792.56m |
| Total assets | CN¥948.81m |
Financial Position Analysis
Short Term Liabilities: 300506's short term assets (CN¥643.1M) do not cover its short term liabilities (CN¥746.7M).
Long Term Liabilities: 300506's short term assets (CN¥643.1M) exceed its long term liabilities (CN¥45.9M).
Debt to Equity History and Analysis
Debt Level: 300506's net debt to equity ratio (191.5%) is considered high.
Reducing Debt: 300506's debt to equity ratio has increased from 28.8% to 199% 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 300506 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300506 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.8% per year.