Shenzhen Minglida Precision Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Minglida Precision Technology has a total shareholder equity of CN¥2.6B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 64.3%. Its total assets and total liabilities are CN¥5.4B and CN¥2.8B respectively. Shenzhen Minglida Precision Technology's EBIT is CN¥214.7M making its interest coverage ratio 6.8. It has cash and short-term investments of CN¥1.3B.
Key information
64.3%
Debt to equity ratio
CN¥1.65b
Debt
Interest coverage ratio | 6.8x |
Cash | CN¥1.33b |
Equity | CN¥2.56b |
Total liabilities | CN¥2.82b |
Total assets | CN¥5.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301268's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 301268's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥1.3B).
Debt to Equity History and Analysis
Debt Level: 301268's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: 301268's debt to equity ratio has increased from 60.7% to 64.3% over the past 5 years.
Debt Coverage: 301268's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 301268's interest payments on its debt are well covered by EBIT (6.8x coverage).