Shenzhen Microgate Technology Balance Sheet Health
Financial Health criteria checks 6/6
Shenzhen Microgate Technology has a total shareholder equity of CN¥4.4B and total debt of CN¥100.4M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are CN¥6.2B and CN¥1.8B respectively. Shenzhen Microgate Technology's EBIT is CN¥251.0M making its interest coverage ratio -6.7. It has cash and short-term investments of CN¥946.9M.
Key information
2.3%
Debt to equity ratio
CN¥100.43m
Debt
Interest coverage ratio | -6.7x |
Cash | CN¥946.95m |
Equity | CN¥4.37b |
Total liabilities | CN¥1.79b |
Total assets | CN¥6.16b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300319's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300319's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥257.3M).
Debt to Equity History and Analysis
Debt Level: 300319 has more cash than its total debt.
Reducing Debt: 300319's debt to equity ratio has reduced from 18.1% to 2.3% over the past 5 years.
Debt Coverage: 300319's debt is well covered by operating cash flow (424.8%).
Interest Coverage: 300319 earns more interest than it pays, so coverage of interest payments is not a concern.