Chongqing Millison Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Chongqing Millison Technologies has a total shareholder equity of CN¥3.3B and total debt of CN¥780.3M, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are CN¥5.8B and CN¥2.6B respectively. Chongqing Millison Technologies's EBIT is CN¥75.3M making its interest coverage ratio 3.3. It has cash and short-term investments of CN¥629.8M.
Key information
23.8%
Debt to equity ratio
CN¥780.30m
Debt
Interest coverage ratio | 3.3x |
Cash | CN¥629.80m |
Equity | CN¥3.27b |
Total liabilities | CN¥2.57b |
Total assets | CN¥5.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301307's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 301307's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥775.6M).
Debt to Equity History and Analysis
Debt Level: 301307's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 301307's debt to equity ratio has reduced from 137.6% to 23.8% over the past 5 years.
Debt Coverage: 301307's debt is well covered by operating cash flow (82.1%).
Interest Coverage: 301307's interest payments on its debt are well covered by EBIT (3.3x coverage).