Chengdu Galaxy MagnetsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Chengdu Galaxy MagnetsLtd has a total shareholder equity of CN¥1.4B and total debt of CN¥4.2M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.5B and CN¥85.7M respectively. Chengdu Galaxy MagnetsLtd's EBIT is CN¥122.0M making its interest coverage ratio -9.4. It has cash and short-term investments of CN¥593.1M.
Key information
0.3%
Debt to equity ratio
CN¥4.20m
Debt
| Interest coverage ratio | -9.4x |
| Cash | CN¥593.11m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥85.73m |
| Total assets | CN¥1.50b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300127's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥78.6M).
Long Term Liabilities: 300127's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥7.1M).
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 0.3% over the past 5 years.
Debt Coverage: 300127's debt is well covered by operating cash flow (7187.2%).
Interest Coverage: 300127 earns more interest than it pays, so coverage of interest payments is not a concern.