Macmic Science&TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Macmic Science&TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥778.9M, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are CN¥2.6B and CN¥1.4B respectively. Macmic Science&TechnologyLtd's EBIT is CN¥13.2M making its interest coverage ratio 0.7. It has cash and short-term investments of CN¥215.0M.
Key information
69.1%
Debt to equity ratio
CN¥778.86m
Debt
| Interest coverage ratio | 0.7x |
| Cash | CN¥214.99m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥1.45b |
| Total assets | CN¥2.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688711's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥894.2M).
Long Term Liabilities: 688711's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥551.5M).
Debt to Equity History and Analysis
Debt Level: 688711's net debt to equity ratio (50%) is considered high.
Reducing Debt: 688711's debt to equity ratio has increased from 42.8% to 69.1% over the past 5 years.
Debt Coverage: 688711's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 688711's interest payments on its debt are not well covered by EBIT (0.7x coverage).