Zhejiang MTCN TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang MTCN TechnologyLtd has a total shareholder equity of CN¥838.9M and total debt of CN¥267.4M, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are CN¥1.3B and CN¥499.2M respectively.
Key information
31.9%
Debt to equity ratio
CN¥267.41m
Debt
Interest coverage ratio | n/a |
Cash | CN¥242.75m |
Equity | CN¥838.93m |
Total liabilities | CN¥499.18m |
Total assets | CN¥1.34b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003026's short term assets (CN¥578.5M) exceed its short term liabilities (CN¥213.7M).
Long Term Liabilities: 003026's short term assets (CN¥578.5M) exceed its long term liabilities (CN¥285.5M).
Debt to Equity History and Analysis
Debt Level: 003026's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: 003026's debt to equity ratio has increased from 28.4% to 31.9% over the past 5 years.
Debt Coverage: 003026's debt is not well covered by operating cash flow (1.2%).
Interest Coverage: Insufficient data to determine if 003026's interest payments on its debt are well covered by EBIT.