Shenzhen Minglida Precision Technology Balance Sheet Health
Financial Health criteria checks 3/6
Shenzhen Minglida Precision Technology has a total shareholder equity of CN¥2.4B and total debt of CN¥2.1B, which brings its debt-to-equity ratio to 88%. Its total assets and total liabilities are CN¥6.1B and CN¥3.7B respectively.
Key information
88.0%
Debt to equity ratio
CN¥2.07b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.47b |
| Equity | CN¥2.36b |
| Total liabilities | CN¥3.70b |
| Total assets | CN¥6.05b |
Recent financial health updates
These 4 Measures Indicate That Shenzhen Minglida Precision Technology (SZSE:301268) Is Using Debt Extensively
Oct 23
Is Shenzhen Minglida Precision Technology (SZSE:301268) A Risky Investment?
Jul 04Recent updates
These 4 Measures Indicate That Shenzhen Minglida Precision Technology (SZSE:301268) Is Using Debt Extensively
Oct 23Even With A 31% Surge, Cautious Investors Are Not Rewarding Shenzhen Minglida Precision Technology Co., Ltd.'s (SZSE:301268) Performance Completely
Sep 30Returns On Capital At Shenzhen Minglida Precision Technology (SZSE:301268) Paint A Concerning Picture
Aug 22Is Shenzhen Minglida Precision Technology (SZSE:301268) A Risky Investment?
Jul 04Potential Upside For Shenzhen Minglida Precision Technology Co., Ltd. (SZSE:301268) Not Without Risk
Jun 05Shenzhen Minglida Precision Technology (SZSE:301268) Is Paying Out A Larger Dividend Than Last Year
Jun 05Shenzhen Minglida Precision Technology's (SZSE:301268) Problems Go Beyond Weak Profit
May 02Financial Position Analysis
Short Term Liabilities: 301268's short term assets (CN¥3.6B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 301268's short term assets (CN¥3.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 301268's net debt to equity ratio (25.4%) is considered satisfactory.
Reducing Debt: 301268's debt to equity ratio has increased from 60.6% to 88% over the past 5 years.
Debt Coverage: 301268's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 301268's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:44 |
| End of Day Share Price | 2024/12/26 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Shenzhen Minglida Precision Technology Co., Ltd. is covered by 2 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 |
|---|---|
| Jiancong Yuan | Citic Securities Co., Ltd. |
| Xiaoya Sun | Tianfeng Securities Brokerage Co., Ltd |