MGI Tech Balance Sheet Health
Financial Health criteria checks 4/6
MGI Tech has a total shareholder equity of CN¥8.3B and total debt of CN¥345.3M, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are CN¥10.0B and CN¥1.7B respectively.
Key information
4.1%
Debt to equity ratio
CN¥345.31m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥4.22b |
| Equity | CN¥8.34b |
| Total liabilities | CN¥1.70b |
| Total assets | CN¥10.04b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688114's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688114's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥389.5M).
Debt to Equity History and Analysis
Debt Level: 688114 has more cash than its total debt.
Reducing Debt: 688114 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 688114's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688114's interest payments on its debt are well covered by EBIT.