China Marine Information Electronics Balance Sheet Health
Financial Health criteria checks 5/6
China Marine Information Electronics has a total shareholder equity of CN¥8.3B and total debt of CN¥711.0M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥11.3B and CN¥2.9B respectively. China Marine Information Electronics's EBIT is CN¥261.1M making its interest coverage ratio -16.8. It has cash and short-term investments of CN¥2.4B.
Key information
8.5%
Debt to equity ratio
CN¥711.01m
Debt
Interest coverage ratio | -16.8x |
Cash | CN¥2.42b |
Equity | CN¥8.33b |
Total liabilities | CN¥2.94b |
Total assets | CN¥11.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600764's short term assets (CN¥9.1B) exceed its short term liabilities (CN¥2.7B).
Long Term Liabilities: 600764's short term assets (CN¥9.1B) exceed its long term liabilities (CN¥278.6M).
Debt to Equity History and Analysis
Debt Level: 600764 has more cash than its total debt.
Reducing Debt: 600764's debt to equity ratio has increased from 4.8% to 8.5% over the past 5 years.
Debt Coverage: 600764's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 600764 earns more interest than it pays, so coverage of interest payments is not a concern.