Foshan Golden Milky Way Intelligent Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Foshan Golden Milky Way Intelligent Equipment has a total shareholder equity of CN¥1.7B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 86.4%. Its total assets and total liabilities are CN¥4.6B and CN¥2.9B respectively. Foshan Golden Milky Way Intelligent Equipment's EBIT is CN¥226.4M making its interest coverage ratio 5.7. It has cash and short-term investments of CN¥1.1B.
Key information
86.4%
Debt to equity ratio
CN¥1.48b
Debt
Interest coverage ratio | 5.7x |
Cash | CN¥1.05b |
Equity | CN¥1.72b |
Total liabilities | CN¥2.89b |
Total assets | CN¥4.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300619's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥2.6B).
Long Term Liabilities: 300619's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥306.9M).
Debt to Equity History and Analysis
Debt Level: 300619's net debt to equity ratio (25%) is considered satisfactory.
Reducing Debt: 300619's debt to equity ratio has increased from 71.4% to 86.4% over the past 5 years.
Debt Coverage: 300619's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300619's interest payments on its debt are well covered by EBIT (5.7x coverage).