Mingfa Group (International) Balance Sheet Health
Financial Health criteria checks 4/6
Mingfa Group (International) has a total shareholder equity of CN¥19.0B and total debt of CN¥10.9B, which brings its debt-to-equity ratio to 57.1%. Its total assets and total liabilities are CN¥70.7B and CN¥51.7B respectively. Mingfa Group (International)'s EBIT is CN¥752.7M making its interest coverage ratio -37.1. It has cash and short-term investments of CN¥1.8B.
Key information
57.1%
Debt to equity ratio
CN¥10.86b
Debt
| Interest coverage ratio | -37.1x |
| Cash | CN¥1.78b |
| Equity | CN¥19.02b |
| Total liabilities | CN¥51.65b |
| Total assets | CN¥70.67b |
Recent financial health updates
No updates
Recent updates
Mingfa Group (International) Company Limited's (HKG:846) Shares Climb 33% But Its Business Is Yet to Catch Up
Apr 02
There'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¥49.3B) exceed its short term liabilities (CN¥46.0B).
Long Term Liabilities: 846's short term assets (CN¥49.3B) exceed its long term liabilities (CN¥5.6B).
Debt to Equity History and Analysis
Debt Level: 846's net debt to equity ratio (47.8%) is considered high.
Reducing Debt: 846's debt to equity ratio has reduced from 124.9% to 57.1% 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.