Shenzhen MTC Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen MTC has a total shareholder equity of CN¥16.1B and total debt of CN¥5.3B, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are CN¥30.3B and CN¥14.1B respectively. Shenzhen MTC's EBIT is CN¥2.0B making its interest coverage ratio 52. It has cash and short-term investments of CN¥4.3B.
Key information
33.0%
Debt to equity ratio
CN¥5.32b
Debt
| Interest coverage ratio | 52x |
| Cash | CN¥4.32b |
| Equity | CN¥16.12b |
| Total liabilities | CN¥14.14b |
| Total assets | CN¥30.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002429's short term assets (CN¥19.1B) exceed its short term liabilities (CN¥9.3B).
Long Term Liabilities: 002429's short term assets (CN¥19.1B) exceed its long term liabilities (CN¥4.9B).
Debt to Equity History and Analysis
Debt Level: 002429's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 002429's debt to equity ratio has reduced from 36.7% to 33% over the past 5 years.
Debt Coverage: 002429's debt is well covered by operating cash flow (33.1%).
Interest Coverage: 002429's interest payments on its debt are well covered by EBIT (52x coverage).