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¥184.8M, which brings its debt-to-equity ratio to 4.2%. Its total assets and total liabilities are CN¥6.2B and CN¥1.8B respectively. Shenzhen Microgate Technology's EBIT is CN¥264.8M making its interest coverage ratio -6.4. It has cash and short-term investments of CN¥1.3B.
Key information
4.2%
Debt to equity ratio
CN¥184.80m
Debt
| Interest coverage ratio | -6.4x |
| Cash | CN¥1.32b |
| Equity | CN¥4.37b |
| Total liabilities | CN¥1.79b |
| Total assets | CN¥6.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300319's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 300319's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥255.8M).
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 23.2% to 4.2% over the past 5 years.
Debt Coverage: 300319's debt is well covered by operating cash flow (128.5%).
Interest Coverage: 300319 earns more interest than it pays, so coverage of interest payments is not a concern.