Shenzhen Minkave Technology Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Minkave Technology has a total shareholder equity of CN¥110.2M and total debt of CN¥288.5M, which brings its debt-to-equity ratio to 261.8%. Its total assets and total liabilities are CN¥795.5M and CN¥685.3M respectively.
Key information
261.8%
Debt to equity ratio
CN¥288.53m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥23.65m |
| Equity | CN¥110.21m |
| Total liabilities | CN¥685.31m |
| Total assets | CN¥795.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300506's short term assets (CN¥545.6M) do not cover its short term liabilities (CN¥646.0M).
Long Term Liabilities: 300506's short term assets (CN¥545.6M) exceed its long term liabilities (CN¥39.3M).
Debt to Equity History and Analysis
Debt Level: 300506's net debt to equity ratio (240.3%) is considered high.
Reducing Debt: 300506's debt to equity ratio has increased from 29.6% to 261.8% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 300506 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 300506 has less than a year of cash runway if free cash flow continues to grow at historical rates of 39.9% each year.