Foshan Golden Milky Way Intelligent Equipment Balance Sheet Health
Financial Health criteria checks 2/6
Foshan Golden Milky Way Intelligent Equipment has a total shareholder equity of CN¥1.7B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 101.7%. Its total assets and total liabilities are CN¥4.3B and CN¥2.6B respectively. Foshan Golden Milky Way Intelligent Equipment's EBIT is CN¥29.4M making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥664.6M.
Key information
101.7%
Debt to equity ratio
CN¥1.71b
Debt
| Interest coverage ratio | 0.4x |
| Cash | CN¥664.56m |
| Equity | CN¥1.68b |
| Total liabilities | CN¥2.59b |
| Total assets | CN¥4.28b |
Recent financial health updates
Does Foshan Golden Milky Way Intelligent Equipment (SZSE:300619) Have A Healthy Balance Sheet?
Sep 30
Recent updates
Does Foshan Golden Milky Way Intelligent Equipment (SZSE:300619) Have A Healthy Balance Sheet?
Sep 30Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (SZSE:300619) Stock Rockets 39% But Many Are Still Ignoring The Company
Sep 04Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (SZSE:300619) Shares May Have Slumped 32% But Getting In Cheap Is Still Unlikely
Jul 02Foshan Golden Milky Way Intelligent Equipment's (SZSE:300619) Returns On Capital Not Reflecting Well On The Business
Jun 26We Think That There Are More Issues For Foshan Golden Milky Way Intelligent Equipment (SZSE:300619) Than Just Sluggish Earnings
May 06Many Still Looking Away From Foshan Golden Milky Way Intelligent Equipment Co., Ltd. (SZSE:300619)
Apr 18Financial Position Analysis
Short Term Liabilities: 300619's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 300619's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥377.5M).
Debt to Equity History and Analysis
Debt Level: 300619's net debt to equity ratio (62.2%) is considered high.
Reducing Debt: 300619's debt to equity ratio has increased from 70.7% to 101.7% 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 not well covered by EBIT (0.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 06:03 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Foshan Golden Milky Way Intelligent Equipment Co., Ltd. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shang Wen Cheng | Industrial Securities Co. Ltd. |