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¥931.6M, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are CN¥3.5B and CN¥1.7B respectively. Mingxin Automotive Leather's EBIT is CN¥69.6M making its interest coverage ratio 2.4. It has cash and short-term investments of CN¥659.5M.
Key information
50.0%
Debt to equity ratio
CN¥931.64m
Debt
| Interest coverage ratio | 2.4x |
| Cash | CN¥659.51m |
| Equity | CN¥1.86b |
| Total liabilities | CN¥1.68b |
| Total assets | CN¥3.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 605068's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥704.1M).
Long Term Liabilities: 605068's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥977.8M).
Debt to Equity History and Analysis
Debt Level: 605068's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: 605068's debt to equity ratio has increased from 21.2% to 50% over the past 5 years.
Debt Coverage: 605068's debt is not well covered by operating cash flow (5.6%).
Interest Coverage: 605068's interest payments on its debt are not well covered by EBIT (2.4x coverage).