Micro-Tech (Nanjing)Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Micro-Tech (Nanjing)Ltd has a total shareholder equity of CN¥7.6B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥8.8B and CN¥1.2B respectively. Micro-Tech (Nanjing)Ltd's EBIT is CN¥588.6M making its interest coverage ratio -20.4. It has cash and short-term investments of CN¥2.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -20.4x |
Cash | CN¥2.55b |
Equity | CN¥7.57b |
Total liabilities | CN¥1.19b |
Total assets | CN¥8.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688029's short term assets (CN¥6.4B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 688029's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥151.6M).
Debt to Equity History and Analysis
Debt Level: 688029 is debt free.
Reducing Debt: 688029 has no debt compared to 5 years ago when its debt to equity ratio was 15.5%.
Debt Coverage: 688029 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688029 has no debt, therefore coverage of interest payments is not a concern.