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¥83.5M, 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¥78.7M making its interest coverage ratio -24.6. It has cash and short-term investments of CN¥361.0M.
Key information
2.8%
Debt to equity ratio
CN¥83.46m
Debt
| Interest coverage ratio | -24.6x |
| 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 (8.4%).
Interest Coverage: 600382 earns more interest than it pays, so coverage of interest payments is not a concern.