Macmic Science&TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Macmic Science&TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥736.0M, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are CN¥2.4B and CN¥1.2B respectively. Macmic Science&TechnologyLtd's EBIT is CN¥97.9M making its interest coverage ratio 5.3. It has cash and short-term investments of CN¥216.2M.
Key information
64.2%
Debt to equity ratio
CN¥736.01m
Debt
Interest coverage ratio | 5.3x |
Cash | CN¥216.21m |
Equity | CN¥1.15b |
Total liabilities | CN¥1.24b |
Total assets | CN¥2.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688711's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥723.2M).
Long Term Liabilities: 688711's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥515.6M).
Debt to Equity History and Analysis
Debt Level: 688711's net debt to equity ratio (45.3%) is considered high.
Reducing Debt: 688711's debt to equity ratio has increased from 32.8% to 64.2% over the past 5 years.
Debt Coverage: 688711's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688711's interest payments on its debt are well covered by EBIT (5.3x coverage).