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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/10 03:22 |
| End of Day Share Price | 2025/01/10 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Mingfa Group (International) Company Limited is covered by 4 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 |
|---|---|
| Sunny Tam | BofA Global Research |
| Danny Bao | Deutsche Bank |
| Christie Ju | Jefferies LLC |