Minami Acoustics Balance Sheet Health
Financial Health criteria checks 6/6
Minami Acoustics has a total shareholder equity of CN¥1.9B and total debt of CN¥1.0M, which brings its debt-to-equity ratio to 0.05%. Its total assets and total liabilities are CN¥2.5B and CN¥560.1M respectively. Minami Acoustics's EBIT is CN¥108.8M making its interest coverage ratio -12. It has cash and short-term investments of CN¥991.0M.
Key information
0.05%
Debt to equity ratio
CN¥1.03m
Debt
Interest coverage ratio | -12x |
Cash | CN¥991.05m |
Equity | CN¥1.92b |
Total liabilities | CN¥560.08m |
Total assets | CN¥2.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301383's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥500.6M).
Long Term Liabilities: 301383's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥59.5M).
Debt to Equity History and Analysis
Debt Level: 301383 has more cash than its total debt.
Reducing Debt: 301383's debt to equity ratio has reduced from 49.3% to 0.05% over the past 5 years.
Debt Coverage: 301383's debt is well covered by operating cash flow (11487.5%).
Interest Coverage: 301383 earns more interest than it pays, so coverage of interest payments is not a concern.