Maike Tube Industry Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Maike Tube Industry Holdings has a total shareholder equity of CN¥1.1B and total debt of CN¥38.4M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥1.7B and CN¥644.3M respectively. Maike Tube Industry Holdings's EBIT is CN¥164.0M making its interest coverage ratio 32.8. It has cash and short-term investments of CN¥90.4M.
Key information
3.7%
Debt to equity ratio
CN¥38.36m
Debt
| Interest coverage ratio | 32.8x |
| Cash | CN¥90.43m |
| Equity | CN¥1.05b |
| Total liabilities | CN¥644.34m |
| Total assets | CN¥1.70b |
Recent financial health updates
Does Maike Tube Industry Holdings (HKG:1553) Have A Healthy Balance Sheet?
May 23
Is Maike Tube Industry Holdings (HKG:1553) Using Too Much Debt?
Oct 28We Think Maike Tube Industry Holdings (HKG:1553) Can Manage Its Debt With Ease
Apr 14Recent updates
Maike Tube Industry Holdings (HKG:1553) Is Paying Out A Larger Dividend Than Last Year
May 31Maike Tube Industry Holdings' (HKG:1553) Upcoming Dividend Will Be Larger Than Last Year's
Apr 28Maike Tube Industry Holdings (HKG:1553) Will Pay A Larger Dividend Than Last Year At CN¥0.12
Apr 05Maike Tube Industry Holdings (HKG:1553) May Have Issues Allocating Its Capital
Feb 02Earnings Working Against Maike Tube Industry Holdings Limited's (HKG:1553) Share Price Following 30% Dive
Feb 02Calculating The Fair Value Of Maike Tube Industry Holdings Limited (HKG:1553)
Nov 08Calculating The Intrinsic Value Of Maike Tube Industry Holdings Limited (HKG:1553)
Jul 17Maike Tube Industry Holdings (HKG:1553) Has Affirmed Its Dividend Of CN¥0.10
Jun 01Does Maike Tube Industry Holdings (HKG:1553) Have A Healthy Balance Sheet?
May 23Maike Tube Industry Holdings (HKG:1553) Will Be Hoping To Turn Its Returns On Capital Around
Dec 15Is Maike Tube Industry Holdings (HKG:1553) Using Too Much Debt?
Oct 28Maike Tube Industry Holdings (HKG:1553) Has More To Do To Multiply In Value Going Forward
Aug 24Estimating The Fair Value Of Maike Tube Industry Holdings Limited (HKG:1553)
Jul 12Maike Tube Industry Holdings (HKG:1553) Has Announced That Its Dividend Will Be Reduced To HK$0.10
Jun 01Maike Tube Industry Holdings (HKG:1553) Has Announced That Its Dividend Will Be Reduced To HK$0.10
Apr 15Maike Tube Industry Holdings' (HKG:1553) Shareholders Will Receive A Smaller Dividend Than Last Year
Apr 01The Returns On Capital At Maike Tube Industry Holdings (HKG:1553) Don't Inspire Confidence
Feb 21Estimating The Intrinsic Value Of Maike Tube Industry Holdings Limited (HKG:1553)
Oct 21Investors Met With Slowing Returns on Capital At Maike Tube Industry Holdings (HKG:1553)
Jul 08Maike Tube Industry Holdings Limited (HKG:1553) Vies For A Place In Your Dividend Portfolio: Here's Why
May 05We Think Maike Tube Industry Holdings (HKG:1553) Can Manage Its Debt With Ease
Apr 14Our Take On The Returns On Capital At Maike Tube Industry Holdings (HKG:1553)
Feb 03Introducing Maike Tube Industry Holdings (HKG:1553), A Stock That Climbed 12% In The Last Year
Dec 29
Maike Tube Industry Holdings (HKG:1553) Is Growing Earnings But Are They A Good Guide?
Dec 08Financial Position Analysis
Short Term Liabilities: 1553's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥615.9M).
Long Term Liabilities: 1553's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥28.5M).
Debt to Equity History and Analysis
Debt Level: 1553 has more cash than its total debt.
Reducing Debt: 1553's debt to equity ratio has reduced from 79.3% to 3.7% over the past 5 years.
Debt Coverage: 1553's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1553's interest payments on its debt are well covered by EBIT (32.8x coverage).