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¥85.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are CN¥6.2B and CN¥1.8B respectively. Shenzhen Microgate Technology's EBIT is CN¥246.0M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥1.1B.
Key information
1.9%
Debt to equity ratio
CN¥85.03m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥1.15b |
| Equity | CN¥4.37b |
| Total liabilities | CN¥1.79b |
| Total assets | CN¥6.16b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Shenzhen Microgate Technology (SZSE:300319) Is Using Debt Safely
Jul 23
Risks To Shareholder Returns Are Elevated At These Prices For Shenzhen Microgate Technology Co., Ltd. (SZSE:300319)
Jul 04Shenzhen Microgate Technology (SZSE:300319) Will Pay A Smaller Dividend Than Last Year
Jun 16Returns At Shenzhen Microgate Technology (SZSE:300319) Appear To Be Weighed Down
Jun 14Why Shenzhen Microgate Technology's (SZSE:300319) Earnings Are Better Than They Seem
May 02The Market Lifts Shenzhen Microgate Technology Co., Ltd. (SZSE:300319) Shares 26% But It Can Do More
Mar 04Financial 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 1.9% over the past 5 years.
Debt Coverage: 300319's debt is well covered by operating cash flow (501.7%).
Interest Coverage: 300319 earns more interest than it pays, so coverage of interest payments is not a concern.