Ming Yang Smart Energy Group Balance Sheet Health
Financial Health criteria checks 4/6
Ming Yang Smart Energy Group has a total shareholder equity of CN¥28.2B and total debt of CN¥16.4B, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are CN¥82.9B and CN¥54.7B respectively.
Key information
58.1%
Debt to equity ratio
CN¥16.41b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥11.18b |
| Equity | CN¥28.24b |
| Total liabilities | CN¥54.68b |
| Total assets | CN¥82.92b |
Recent financial health updates
Recent updates
Further Upside For Ming Yang Smart Energy Group Limited (SHSE:601615) Shares Could Introduce Price Risks After 36% Bounce
Oct 22
Ming Yang Smart Energy Group's (SHSE:601615) Anemic Earnings Might Be Worse Than You Think
Sep 06Revenue Downgrade: Here's What Analysts Forecast For Ming Yang Smart Energy Group Limited (SHSE:601615)
Sep 04Analysts Just Made A Major Revision To Their Ming Yang Smart Energy Group Limited (SHSE:601615) Revenue Forecasts
Aug 07These 4 Measures Indicate That Ming Yang Smart Energy Group (SHSE:601615) Is Using Debt In A Risky Way
Jun 07Ming Yang Smart Energy Group (SHSE:601615) May Have Issues Allocating Its Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 601615's short term assets (CN¥46.6B) exceed its short term liabilities (CN¥35.7B).
Long Term Liabilities: 601615's short term assets (CN¥46.6B) exceed its long term liabilities (CN¥19.0B).
Debt to Equity History and Analysis
Debt Level: 601615's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 601615's debt to equity ratio has reduced from 84.4% to 58.1% over the past 5 years.
Debt Coverage: 601615's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 601615's interest payments on its debt are well covered by EBIT.