Guangdong Mingzhu GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Mingzhu GroupLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥81.1M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥3.3B and CN¥367.8M respectively. Guangdong Mingzhu GroupLtd's EBIT is CN¥79.0M making its interest coverage ratio 36.6. It has cash and short-term investments of CN¥361.0M.
Key information
2.8%
Debt to equity ratio
CN¥81.14m
Debt
| Interest coverage ratio | 36.6x |
| Cash | CN¥361.00m |
| Equity | CN¥2.93b |
| Total liabilities | CN¥367.81m |
| Total assets | CN¥3.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600382's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥310.2M).
Long Term Liabilities: 600382's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥57.6M).
Debt to Equity History and Analysis
Debt Level: 600382 has more cash than its total debt.
Reducing Debt: 600382's debt to equity ratio has reduced from 14.8% to 2.8% over the past 5 years.
Debt Coverage: 600382's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: 600382's interest payments on its debt are well covered by EBIT (36.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 23:09 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| 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
Guangdong Mingzhu Group Co.,Ltd is covered by 1 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 |
|---|---|
| Bing Liu | First Capital Securities Co. LTD. |