Dongguan Mentech Optical & Magnetic Balance Sheet Health
Financial Health criteria checks 3/6
Dongguan Mentech Optical & Magnetic has a total shareholder equity of CN¥1.2B and total debt of CN¥560.6M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are CN¥2.9B and CN¥1.6B respectively.
Key information
45.4%
Debt to equity ratio
CN¥560.56m
Debt
Interest coverage ratio | n/a |
Cash | CN¥638.95m |
Equity | CN¥1.24b |
Total liabilities | CN¥1.64b |
Total assets | CN¥2.87b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002902's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002902's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥218.7M).
Debt to Equity History and Analysis
Debt Level: 002902 has more cash than its total debt.
Reducing Debt: 002902's debt to equity ratio has increased from 13.8% to 45.4% over the past 5 years.
Debt Coverage: 002902's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002902's interest payments on its debt are well covered by EBIT.