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¥1.6B, which brings its debt-to-equity ratio to 93.1%. Its total assets and total liabilities are CN¥4.5B and CN¥2.8B respectively. Foshan Golden Milky Way Intelligent Equipment's EBIT is CN¥125.5M making its interest coverage ratio 2. It has cash and short-term investments of CN¥894.6M.
Key information
93.1%
Debt to equity ratio
CN¥1.59b
Debt
Interest coverage ratio | 2x |
Cash | CN¥894.58m |
Equity | CN¥1.70b |
Total liabilities | CN¥2.84b |
Total assets | CN¥4.54b |
Recent financial health updates
No updates
Recent updates
Foshan 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¥3.0B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 300619's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥314.2M).
Debt to Equity History and Analysis
Debt Level: 300619's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 300619's debt to equity ratio has increased from 69.4% to 93.1% 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 (2x coverage).