Minami Acoustics Balance Sheet Health
Financial Health criteria checks 6/6
Minami Acoustics has a total shareholder equity of CN¥2.0B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.8B and CN¥741.1M respectively. Minami Acoustics's EBIT is CN¥135.9M making its interest coverage ratio -7.4. It has cash and short-term investments of CN¥736.0M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -7.4x |
| Cash | CN¥736.05m |
| Equity | CN¥2.02b |
| Total liabilities | CN¥741.10m |
| Total assets | CN¥2.76b |
Recent financial health updates
No updates
Recent updates
Minami Acoustics' (SZSE:301383) Solid Earnings May Rest On Weak Foundations
Nov 04
Does Minami Acoustics (SZSE:301383) Deserve A Spot On Your Watchlist?
Oct 23Returns On Capital Are Showing Encouraging Signs At Minami Acoustics (SZSE:301383)
Aug 14Minami Acoustics (SZSE:301383) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Apr 29Financial Position Analysis
Short Term Liabilities: 301383's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥680.2M).
Long Term Liabilities: 301383's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥60.9M).
Debt to Equity History and Analysis
Debt Level: 301383 is debt free.
Reducing Debt: 301383 has no debt compared to 5 years ago when its debt to equity ratio was 52.7%.
Debt Coverage: 301383 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 301383 has no debt, therefore coverage of interest payments is not a concern.