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¥1.1B, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are CN¥3.7B and CN¥2.2B respectively. Miracll ChemicalsLtd's EBIT is CN¥38.1M making its interest coverage ratio -2.2. It has cash and short-term investments of CN¥575.3M.
Key information
70.8%
Debt to equity ratio
CN¥1.06b
Debt
| Interest coverage ratio | -2.2x |
| Cash | CN¥575.29m |
| Equity | CN¥1.50b |
| Total liabilities | CN¥2.17b |
| Total assets | CN¥3.67b |
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¥1.1B).
Long Term Liabilities: 300848's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300848's net debt to equity ratio (32.4%) is considered satisfactory.
Reducing Debt: 300848's debt to equity ratio has increased from 0% to 70.8% 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.