Migao Group Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Migao Group Holdings has a total shareholder equity of CN¥2.6B and total debt of CN¥545.2M, which brings its debt-to-equity ratio to 20.8%. Its total assets and total liabilities are CN¥4.6B and CN¥2.0B respectively. Migao Group Holdings's EBIT is CN¥382.1M making its interest coverage ratio 25.3. It has cash and short-term investments of CN¥812.3M.
Key information
20.8%
Debt to equity ratio
CN¥545.16m
Debt
Interest coverage ratio | 25.3x |
Cash | CN¥812.34m |
Equity | CN¥2.62b |
Total liabilities | CN¥1.99b |
Total assets | CN¥4.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9879's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 9879's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥167.7M).
Debt to Equity History and Analysis
Debt Level: 9879 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 9879's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 9879's debt is well covered by operating cash flow (24.6%).
Interest Coverage: 9879's interest payments on its debt are well covered by EBIT (25.3x coverage).