MiniMax Group Balance Sheet Health
Financial Health criteria checks 2/6
MiniMax Group has a total shareholder equity of $-2.6B and total debt of $3.6B, which brings its debt-to-equity ratio to -137.2%. Its total assets and total liabilities are $1.1B and $3.7B respectively.
Key information
-137.19%
Debt to equity ratio
US$3.63b
Debt
| Interest coverage ratio | n/a |
| Cash | US$969.92m |
| Equity | -US$2.65b |
| Total liabilities | US$3.74b |
| Total assets | US$1.09b |
Recent financial health updates
Recent updates
100: Index Inclusions Will Face Pressure From Lower Future P/E
Analysts have revised their fair value estimate for MiniMax Group from HK$404.23 to HK$181.24, citing updated assumptions for long term revenue growth, profit margins, and a lower future P/E multiple in their price target work. What’s in the News for MiniMax Group MiniMax Group Inc.100: Index Additions Will Face Pressure From Lower Margins And Rich P/E
Analysts have reduced their MiniMax Group price target from about HK$900.04 to around HK$404.23. This reflects updated views on the company’s projected revenue growth, profit margins and future P/E assumptions.
Full Modality And Global Agent Adoption Will Reshape Long Term Potential
Catalysts About MiniMax Group MiniMax Group develops and commercializes large scale AI models and agent platforms across text, video, speech and music for enterprises, developers and consumers worldwide. What are the underlying business or industry changes driving this perspective?Heavy Reliance On Few AI Channels Will Shape Future Rewards
Catalysts About MiniMax Group MiniMax Group develops large AI models and agent products across language, video, speech and music for enterprise, developer and consumer use. What are the underlying business or industry changes driving this perspective?
Colleague Level AI Agents And Multimodal Content Will Support A Fair Long Term Outlook
Catalysts About MiniMax Group MiniMax Group develops large scale AI models and agent products across language, video, speech and music for global enterprises, developers and consumers. What are the underlying business or industry changes driving this perspective?Financial Position Analysis
Short Term Liabilities: 100 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: 100 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: 100 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: 100's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 100 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 100 has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 55.8% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/12 05:50 |
| End of Day Share Price | 2026/07/10 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
MiniMax Group Inc. is covered by 19 analysts. 17 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 |
|---|---|
| Tianli Wen | Aletheia Analyst Network Limited |
| Alex Liu | BofA Global Research |
| Zhonghai Yu | China International Capital Corporation Limited |