Miracll Chemicals Co.,Ltd

SZSE:300848 Stock Report

Market Cap: CN¥7.1b

Miracll ChemicalsLtd Balance Sheet Health

Financial Health criteria checks 4/6

Miracll ChemicalsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥902.7M, which brings its debt-to-equity ratio to 59.7%. Its total assets and total liabilities are CN¥3.5B and CN¥2.0B respectively. Miracll ChemicalsLtd's EBIT is CN¥52.5M making its interest coverage ratio -3.1. It has cash and short-term investments of CN¥666.2M.

Key information

59.7%

Debt to equity ratio

CN¥902.72m

Debt

Interest coverage ratio-3.1x
CashCN¥666.16m
EquityCN¥1.51b
Total liabilitiesCN¥2.02b
Total assetsCN¥3.54b

Recent financial health updates

No updates

Recent updates

Miracll ChemicalsLtd (SZSE:300848) Has Announced A Dividend Of CN¥0.10

May 26
Miracll ChemicalsLtd (SZSE:300848) Has Announced A Dividend Of CN¥0.10

Miracll Chemicals Co.,Ltd's (SZSE:300848) 26% Jump Shows Its Popularity With Investors

May 22
Miracll Chemicals Co.,Ltd's (SZSE:300848) 26% Jump Shows Its Popularity With Investors

Miracll ChemicalsLtd's (SZSE:300848) Anemic Earnings Might Be Worse Than You Think

Apr 29
Miracll ChemicalsLtd's (SZSE:300848) Anemic Earnings Might Be Worse Than You Think

Market Participants Recognise Miracll Chemicals Co.,Ltd's (SZSE:300848) Earnings Pushing Shares 29% Higher

Mar 29
Market Participants Recognise Miracll Chemicals Co.,Ltd's (SZSE:300848) Earnings Pushing Shares 29% Higher

Financial Position Analysis

Short Term Liabilities: 300848's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.0B).

Long Term Liabilities: 300848's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥975.0M).


Debt to Equity History and Analysis

Debt Level: 300848's net debt to equity ratio (15.6%) is considered satisfactory.

Reducing Debt: 300848's debt to equity ratio has increased from 0% to 59.7% over the past 5 years.

Debt Coverage: 300848's debt is not well covered by operating cash flow (2.3%).

Interest Coverage: 300848 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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