Miracll ChemicalsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Miracll ChemicalsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥506.4M, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are CN¥2.9B and CN¥1.5B respectively. Miracll ChemicalsLtd's EBIT is CN¥74.1M making its interest coverage ratio -6. It has cash and short-term investments of CN¥837.2M.
Key information
34.2%
Debt to equity ratio
CN¥506.37m
Debt
Interest coverage ratio | -6x |
Cash | CN¥837.17m |
Equity | CN¥1.48b |
Total liabilities | CN¥1.46b |
Total assets | CN¥2.94b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300848's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥928.9M).
Long Term Liabilities: 300848's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥527.9M).
Debt to Equity History and Analysis
Debt Level: 300848 has more cash than its total debt.
Reducing Debt: 300848's debt to equity ratio has increased from 0% to 34.2% over the past 5 years.
Debt Coverage: 300848's debt is well covered by operating cash flow (35.2%).
Interest Coverage: 300848 earns more interest than it pays, so coverage of interest payments is not a concern.