M-Grass Ecology And Environment (Group) Balance Sheet Health
Financial Health criteria checks 5/6
M-Grass Ecology And Environment (Group) has a total shareholder equity of CN¥5.9B and total debt of CN¥6.0B, which brings its debt-to-equity ratio to 101.4%. Its total assets and total liabilities are CN¥15.9B and CN¥10.0B respectively. M-Grass Ecology And Environment (Group)'s EBIT is CN¥302.6M making its interest coverage ratio -11.8. It has cash and short-term investments of CN¥1.3B.
Key information
101.4%
Debt to equity ratio
CN¥6.00b
Debt
Interest coverage ratio | -11.8x |
Cash | CN¥1.34b |
Equity | CN¥5.92b |
Total liabilities | CN¥10.02b |
Total assets | CN¥15.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300355's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥6.2B).
Long Term Liabilities: 300355's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥3.8B).
Debt to Equity History and Analysis
Debt Level: 300355's net debt to equity ratio (78.7%) is considered high.
Reducing Debt: 300355's debt to equity ratio has reduced from 131.4% to 101.4% over the past 5 years.
Debt Coverage: 300355's debt is well covered by operating cash flow (28.3%).
Interest Coverage: 300355 earns more interest than it pays, so coverage of interest payments is not a concern.