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¥5.0B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are CN¥29.9B and CN¥14.2B respectively. Shenzhen MTC's EBIT is CN¥2.0B making its interest coverage ratio 29.4. It has cash and short-term investments of CN¥4.1B.
Key information
31.8%
Debt to equity ratio
CN¥5.01b
Debt
| Interest coverage ratio | 29.4x |
| Cash | CN¥4.09b |
| Equity | CN¥15.74b |
| Total liabilities | CN¥14.20b |
| Total assets | CN¥29.94b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002429's short term assets (CN¥18.7B) exceed its short term liabilities (CN¥9.5B).
Long Term Liabilities: 002429's short term assets (CN¥18.7B) exceed its long term liabilities (CN¥4.7B).
Debt to Equity History and Analysis
Debt Level: 002429's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 002429's debt to equity ratio has reduced from 61.4% to 31.8% over the past 5 years.
Debt Coverage: 002429's debt is well covered by operating cash flow (21.4%).
Interest Coverage: 002429's interest payments on its debt are well covered by EBIT (29.4x coverage).