CMGE Technology Group Balance Sheet Health
Financial Health criteria checks 3/6
CMGE Technology Group has a total shareholder equity of CN¥5.7B and total debt of CN¥495.0M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥7.1B and CN¥1.4B respectively. CMGE Technology Group's EBIT is CN¥7.4M making its interest coverage ratio 1. It has cash and short-term investments of CN¥234.4M.
Key information
8.7%
Debt to equity ratio
CN¥495.00m
Debt
Interest coverage ratio | 1x |
Cash | CN¥234.41m |
Equity | CN¥5.69b |
Total liabilities | CN¥1.39b |
Total assets | CN¥7.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 302's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 302's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥99.0M).
Debt to Equity History and Analysis
Debt Level: 302's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 302's debt to equity ratio has increased from 2.8% to 8.7% over the past 5 years.
Debt Coverage: 302's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 302's interest payments on its debt are not well covered by EBIT (1x coverage).