Shenzhen MinDe Electronics Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen MinDe Electronics Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥433.2M, which brings its debt-to-equity ratio to 37.4%. Its total assets and total liabilities are CN¥1.7B and CN¥588.6M respectively. Shenzhen MinDe Electronics Technology's EBIT is CN¥68.3M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥147.2M.
Key information
37.4%
Debt to equity ratio
CN¥433.20m
Debt
Interest coverage ratio | -2.7x |
Cash | CN¥147.23m |
Equity | CN¥1.16b |
Total liabilities | CN¥588.60m |
Total assets | CN¥1.75b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300656's short term assets (CN¥551.3M) exceed its short term liabilities (CN¥369.8M).
Long Term Liabilities: 300656's short term assets (CN¥551.3M) exceed its long term liabilities (CN¥218.8M).
Debt to Equity History and Analysis
Debt Level: 300656's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: 300656's debt to equity ratio has increased from 5.5% to 37.4% over the past 5 years.
Debt Coverage: 300656's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 300656 earns more interest than it pays, so coverage of interest payments is not a concern.