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 |
Cash | CN¥666.16m |
Equity | CN¥1.51b |
Total liabilities | CN¥2.02b |
Total assets | CN¥3.54b |
Recent financial health updates
No updates
Recent updates
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.