MGI Tech Balance Sheet Health
Financial Health criteria checks 4/6
MGI Tech has a total shareholder equity of CN¥8.0B and total debt of CN¥487.1M, which brings its debt-to-equity ratio to 6.1%. Its total assets and total liabilities are CN¥9.9B and CN¥2.0B respectively.
Key information
6.1%
Debt to equity ratio
CN¥487.10m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.62b |
| Equity | CN¥7.99b |
| Total liabilities | CN¥1.95b |
| Total assets | CN¥9.94b |
Recent financial health updates
Recent updates
MGI Tech Co., Ltd.'s (SHSE:688114) Shares Climb 35% But Its Business Is Yet to Catch Up
Oct 02
Things Look Grim For MGI Tech Co., Ltd. (SHSE:688114) After Today's Downgrade
Aug 30Is MGI Tech Co., Ltd. (SHSE:688114) Trading At A 26% Discount?
Jun 03Newsflash: MGI Tech Co., Ltd. (SHSE:688114) Analysts Have Been Trimming Their Revenue Forecasts
Apr 29Is MGI Tech (SHSE:688114) Using Debt In A Risky Way?
Mar 28Investor Optimism Abounds MGI Tech Co., Ltd. (SHSE:688114) But Growth Is Lacking
Feb 29Financial Position Analysis
Short Term Liabilities: 688114's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 688114's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥672.3M).
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.