Shenzhen MTC Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen MTC has a total shareholder equity of CN¥15.7B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are CN¥28.0B and CN¥12.3B respectively. Shenzhen MTC's EBIT is CN¥1.8B making its interest coverage ratio 25.4. It has cash and short-term investments of CN¥5.0B.
Key information
24.6%
Debt to equity ratio
CN¥3.85b
Debt
| Interest coverage ratio | 25.4x |
| Cash | CN¥4.99b |
| Equity | CN¥15.68b |
| Total liabilities | CN¥12.28b |
| Total assets | CN¥27.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002429's short term assets (CN¥16.8B) exceed its short term liabilities (CN¥8.0B).
Long Term Liabilities: 002429's short term assets (CN¥16.8B) exceed its long term liabilities (CN¥4.3B).
Debt to Equity History and Analysis
Debt Level: 002429 has more cash than its total debt.
Reducing Debt: 002429's debt to equity ratio has reduced from 58.6% to 24.6% over the past 5 years.
Debt Coverage: 002429's debt is well covered by operating cash flow (81.9%).
Interest Coverage: 002429's interest payments on its debt are well covered by EBIT (25.4x coverage).