Da Ming International Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Da Ming International Holdings has a total shareholder equity of CN¥3.3B and total debt of CN¥7.4B, which brings its debt-to-equity ratio to 224.3%. Its total assets and total liabilities are CN¥13.2B and CN¥9.9B respectively. Da Ming International Holdings's EBIT is CN¥38.5M making its interest coverage ratio 0.2. It has cash and short-term investments of CN¥324.4M.
Key information
224.3%
Debt to equity ratio
CN¥7.36b
Debt
Interest coverage ratio | 0.2x |
Cash | CN¥324.35m |
Equity | CN¥3.28b |
Total liabilities | CN¥9.91b |
Total assets | CN¥13.19b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: DM7's short term assets (CN¥7.2B) do not cover its short term liabilities (CN¥7.8B).
Long Term Liabilities: DM7's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: DM7's net debt to equity ratio (214.4%) is considered high.
Reducing Debt: DM7's debt to equity ratio has increased from 133.6% to 224.3% over the past 5 years.
Debt Coverage: DM7's debt is not well covered by operating cash flow (0.9%).
Interest Coverage: DM7's interest payments on its debt are not well covered by EBIT (0.2x coverage).