Mingxin Automotive Leather Balance Sheet Health
Financial Health criteria checks 3/6
Mingxin Automotive Leather has a total shareholder equity of CN¥1.9B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are CN¥3.7B and CN¥1.8B respectively. Mingxin Automotive Leather's EBIT is CN¥49.4M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥549.1M.
Key information
58.5%
Debt to equity ratio
CN¥1.08b
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥549.14m |
| Equity | CN¥1.85b |
| Total liabilities | CN¥1.80b |
| Total assets | CN¥3.66b |
Recent financial health updates
No updates
Recent updates
Mingxin Automotive Leather's (SHSE:605068) Shareholders Have More To Worry About Than Lackluster Earnings
Aug 21
Mingxin Automotive Leather's (SHSE:605068) Returns On Capital Not Reflecting Well On The Business
Jul 12The Returns On Capital At Mingxin Automotive Leather (SHSE:605068) Don't Inspire Confidence
Feb 28Financial Position Analysis
Short Term Liabilities: 605068's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥895.0M).
Long Term Liabilities: 605068's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥907.8M).
Debt to Equity History and Analysis
Debt Level: 605068's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: 605068's debt to equity ratio has increased from 15.3% to 58.5% over the past 5 years.
Debt Coverage: 605068's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 605068's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 18:10 |
| End of Day Share Price | 2024/12/24 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| 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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Industry and Sector Metrics
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Analyst Sources
Mingxin Automotive Leather Co., Ltd. is covered by 4 analysts. 3 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 |
|---|---|
| Xue Deng | China International Capital Corporation Limited |
| Jingtao Li | Citic Securities Co., Ltd. |
| Jie Tang | Tianfeng Securities Brokerage Co., Ltd |