Mingfa Group (International) Balance Sheet Health
Financial Health criteria checks 4/6
Mingfa Group (International) has a total shareholder equity of CN¥18.7B and total debt of CN¥9.6B, which brings its debt-to-equity ratio to 51.3%. Its total assets and total liabilities are CN¥66.9B and CN¥48.3B respectively. Mingfa Group (International)'s EBIT is CN¥328.7M making its interest coverage ratio -24.5. It has cash and short-term investments of CN¥1.2B.
Key information
51.3%
Debt to equity ratio
CN¥9.58b
Debt
| Interest coverage ratio | -24.5x |
| Cash | CN¥1.22b |
| Equity | CN¥18.66b |
| Total liabilities | CN¥48.28b |
| Total assets | CN¥66.95b |
Recent financial health updates
Recent updates
Mingfa Group (International) (HKG:846) Has No Shortage Of Debt
Oct 02
Risks Still Elevated At These Prices As Mingfa Group (International) Company Limited (HKG:846) Shares Dive 25%
Jul 14Should Shareholders Have Second Thoughts About A Pay Rise For Mingfa Group (International) Company Limited's (HKG:846) CEO This Year?
May 31There's No Escaping Mingfa Group (International) Company Limited's (HKG:846) Muted Revenues Despite A 76% Share Price Rise
May 21Mingfa Group (International) Company Limited's (HKG:846) Shares Climb 33% But Its Business Is Yet to Catch Up
Apr 02There's Reason For Concern Over Mingfa Group (International) Company Limited's (HKG:846) Massive 33% Price Jump
Jan 25Mingfa Group (International)'s (HKG:846) Solid Profits Have Weak Fundamentals
May 06Benign Growth For Mingfa Group (International) Co., Ltd. (HKG:846) Underpins Its Share Price
Jan 21Financial Position Analysis
Short Term Liabilities: 846's short term assets (CN¥46.1B) exceed its short term liabilities (CN¥42.9B).
Long Term Liabilities: 846's short term assets (CN¥46.1B) exceed its long term liabilities (CN¥5.4B).
Debt to Equity History and Analysis
Debt Level: 846's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: 846's debt to equity ratio has reduced from 94.2% to 51.3% over the past 5 years.
Debt Coverage: 846's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 846 earns more interest than it pays, so coverage of interest payments is not a concern.