Sinomag Technology Balance Sheet Health
Financial Health criteria checks 5/6
Sinomag Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥506.5M, which brings its debt-to-equity ratio to 46.2%. Its total assets and total liabilities are CN¥2.2B and CN¥1.1B respectively. Sinomag Technology's EBIT is CN¥120.6M making its interest coverage ratio 11.9. It has cash and short-term investments of CN¥170.6M.
Key information
46.2%
Debt to equity ratio
CN¥506.50m
Debt
| Interest coverage ratio | 11.9x |
| Cash | CN¥170.60m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥1.10b |
| Total assets | CN¥2.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300835's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥897.2M).
Long Term Liabilities: 300835's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥204.0M).
Debt to Equity History and Analysis
Debt Level: 300835's net debt to equity ratio (30.7%) is considered satisfactory.
Reducing Debt: 300835's debt to equity ratio has increased from 27.9% to 46.2% over the past 5 years.
Debt Coverage: 300835's debt is well covered by operating cash flow (30.4%).
Interest Coverage: 300835's interest payments on its debt are well covered by EBIT (11.9x coverage).