Miracll ChemicalsLtd Balance Sheet Health
Financial Health criteria checks 3/6
Miracll ChemicalsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 79.4%. Its total assets and total liabilities are CN¥3.8B and CN¥2.3B respectively. Miracll ChemicalsLtd's EBIT is CN¥40.1M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥534.0M.
Key information
79.4%
Debt to equity ratio
CN¥1.20b
Debt
| Interest coverage ratio | -2.2x |
| Cash | CN¥533.97m |
| Equity | CN¥1.52b |
| Total liabilities | CN¥2.33b |
| Total assets | CN¥3.85b |
Recent financial health updates
Miracll ChemicalsLtd (SZSE:300848) Takes On Some Risk With Its Use Of Debt
Nov 16
Here's Why Miracll ChemicalsLtd (SZSE:300848) Has A Meaningful Debt Burden
Jul 13Recent updates
The Returns On Capital At Miracll ChemicalsLtd (SZSE:300848) Don't Inspire Confidence
Dec 12Miracll ChemicalsLtd (SZSE:300848) Takes On Some Risk With Its Use Of Debt
Nov 16Miracll Chemicals Co.,Ltd (SZSE:300848) Stocks Shoot Up 41% But Its P/S Still Looks Reasonable
Oct 09Here's Why Miracll ChemicalsLtd (SZSE:300848) Has A Meaningful Debt Burden
Jul 13Miracll ChemicalsLtd (SZSE:300848) Has Announced A Dividend Of CN¥0.10
May 26Miracll Chemicals Co.,Ltd's (SZSE:300848) 26% Jump Shows Its Popularity With Investors
May 22Miracll ChemicalsLtd's (SZSE:300848) Anemic Earnings Might Be Worse Than You Think
Apr 29Market Participants Recognise Miracll Chemicals Co.,Ltd's (SZSE:300848) Earnings Pushing Shares 29% Higher
Mar 29Financial Position Analysis
Short Term Liabilities: 300848's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 300848's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 300848's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 300848's debt to equity ratio has increased from 0% to 79.4% over the past 5 years.
Debt Coverage: 300848's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300848 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 08:51 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Miracll Chemicals Co.,Ltd is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zhe Wang | Citic Securities Co., Ltd. |
| Nan Xie | Zhongtai Securities Co. Ltd. |