Migao Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Migao Group Holdings has a total shareholder equity of CN¥2.7B and total debt of CN¥385.4M, which brings its debt-to-equity ratio to 14.5%. Its total assets and total liabilities are CN¥4.3B and CN¥1.6B respectively. Migao Group Holdings's EBIT is CN¥378.6M making its interest coverage ratio 21.5. It has cash and short-term investments of CN¥458.9M.
Key information
14.5%
Debt to equity ratio
CN¥385.40m
Debt
| Interest coverage ratio | 21.5x |
| Cash | CN¥458.95m |
| Equity | CN¥2.66b |
| Total liabilities | CN¥1.65b |
| Total assets | CN¥4.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9879's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 9879's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥151.3M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 9879's interest payments on its debt are well covered by EBIT (21.5x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 08:55 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Migao Group Holdings Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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