This company listing is no longer active
Majestic Ideal Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Majestic Ideal Holdings has a total shareholder equity of CN¥-5.9M and total debt of CN¥74.6M, which brings its debt-to-equity ratio to -1272.7%. Its total assets and total liabilities are CN¥79.8M and CN¥85.7M respectively. Majestic Ideal Holdings's EBIT is CN¥612.5K making its interest coverage ratio 0.4. It has cash and short-term investments of CN¥591.9K.
Key information
-1,272.7%
Debt to equity ratio
CN¥74.58m
Debt
Interest coverage ratio | 0.4x |
Cash | CN¥591.87k |
Equity | -CN¥5.86m |
Total liabilities | CN¥85.70m |
Total assets | CN¥79.84m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MJID has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MJID 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: MJID has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MJID's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MJID's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MJID's interest payments on its debt are not well covered by EBIT (0.4x coverage).