MEGAIN Holding (Cayman) Balance Sheet Health
Financial Health criteria checks 4/6
MEGAIN Holding (Cayman) has a total shareholder equity of CN¥361.5M and total debt of CN¥10.0M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥395.4M and CN¥33.9M respectively. MEGAIN Holding (Cayman)'s EBIT is CN¥2.7M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥243.2M.
Key information
2.8%
Debt to equity ratio
CN¥10.00m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥243.21m |
| Equity | CN¥361.46m |
| Total liabilities | CN¥33.91m |
| Total assets | CN¥395.36m |
Recent financial health updates
No updates
Recent updates
MEGAIN Holding (Cayman) Co., Ltd.'s (HKG:6939) 42% Share Price Surge Not Quite Adding Up
Oct 04
MEGAIN Holding (Cayman)'s (HKG:6939) Anemic Earnings Might Be Worse Than You Think
Sep 30MEGAIN Holding (Cayman) (HKG:6939) May Have Issues Allocating Its Capital
Aug 23MEGAIN Holding (Cayman)'s (HKG:6939) Shareholders Will Receive A Smaller Dividend Than Last Year
Jun 07MEGAIN Holding (Cayman) (HKG:6939) Will Want To Turn Around Its Return Trends
Jan 24Capital Allocation Trends At MEGAIN Holding (Cayman) (HKG:6939) Aren't Ideal
Aug 10MEGAIN Holding (Cayman)'s (HKG:6939) Upcoming Dividend Will Be Larger Than Last Year's
Jun 12MEGAIN Holding (Cayman) (HKG:6939) Could Be Struggling To Allocate Capital
Nov 22Investors Could Be Concerned With MEGAIN Holding (Cayman)'s (HKG:6939) Returns On Capital
Aug 11MEGAIN Holding (Cayman)'s (HKG:6939) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 10Financial Position Analysis
Short Term Liabilities: 6939's short term assets (CN¥363.9M) exceed its short term liabilities (CN¥33.7M).
Long Term Liabilities: 6939's short term assets (CN¥363.9M) exceed its long term liabilities (CN¥250.0K).
Debt to Equity History and Analysis
Debt Level: 6939 has more cash than its total debt.
Reducing Debt: 6939's debt to equity ratio has increased from 0% to 2.8% over the past 5 years.
Debt Coverage: 6939's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6939 earns more interest than it pays, so coverage of interest payments is not a concern.