Chengdu Galaxy MagnetsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chengdu Galaxy MagnetsLtd has a total shareholder equity of CN¥1.5B and total debt of CN¥71.3M, which brings its debt-to-equity ratio to 4.8%. Its total assets and total liabilities are CN¥1.6B and CN¥127.5M respectively. Chengdu Galaxy MagnetsLtd's EBIT is CN¥146.5M making its interest coverage ratio -9.1. It has cash and short-term investments of CN¥593.6M.
Key information
4.8%
Debt to equity ratio
CN¥71.32m
Debt
Interest coverage ratio | -9.1x |
Cash | CN¥593.57m |
Equity | CN¥1.47b |
Total liabilities | CN¥127.48m |
Total assets | CN¥1.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300127's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥124.3M).
Long Term Liabilities: 300127's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥3.2M).
Debt to Equity History and Analysis
Debt Level: 300127 has more cash than its total debt.
Reducing Debt: 300127's debt to equity ratio has increased from 0% to 4.8% over the past 5 years.
Debt Coverage: 300127's debt is well covered by operating cash flow (64.1%).
Interest Coverage: 300127 earns more interest than it pays, so coverage of interest payments is not a concern.