MYS Group Balance Sheet Health
Financial Health criteria checks 5/6
MYS Group has a total shareholder equity of CN¥5.2B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 24.9%. Its total assets and total liabilities are CN¥8.0B and CN¥2.8B respectively. MYS Group's EBIT is CN¥250.1M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥2.3B.
Key information
24.9%
Debt to equity ratio
CN¥1.30b
Debt
Interest coverage ratio | -6.2x |
Cash | CN¥2.35b |
Equity | CN¥5.20b |
Total liabilities | CN¥2.77b |
Total assets | CN¥7.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002303's short term assets (CN¥4.1B) exceed its short term liabilities (CN¥2.5B).
Long Term Liabilities: 002303's short term assets (CN¥4.1B) exceed its long term liabilities (CN¥317.7M).
Debt to Equity History and Analysis
Debt Level: 002303 has more cash than its total debt.
Reducing Debt: 002303's debt to equity ratio has increased from 9.4% to 24.9% over the past 5 years.
Debt Coverage: 002303's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 002303 earns more interest than it pays, so coverage of interest payments is not a concern.