Ming Yang Smart Energy Group Balance Sheet Health
Financial Health criteria checks 5/6
Ming Yang Smart Energy Group has a total shareholder equity of CN¥28.5B and total debt of CN¥18.3B, which brings its debt-to-equity ratio to 64.4%. Its total assets and total liabilities are CN¥84.9B and CN¥56.4B respectively. Ming Yang Smart Energy Group's EBIT is CN¥1.0B making its interest coverage ratio 118.6. It has cash and short-term investments of CN¥12.9B.
Key information
64.4%
Debt to equity ratio
CN¥18.35b
Debt
| Interest coverage ratio | 118.6x |
| Cash | CN¥12.93b |
| Equity | CN¥28.47b |
| Total liabilities | CN¥56.38b |
| Total assets | CN¥84.85b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601615's short term assets (CN¥44.2B) exceed its short term liabilities (CN¥36.0B).
Long Term Liabilities: 601615's short term assets (CN¥44.2B) exceed its long term liabilities (CN¥20.4B).
Debt to Equity History and Analysis
Debt Level: 601615's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 601615's debt to equity ratio has reduced from 79.4% to 64.4% over the past 5 years.
Debt Coverage: 601615's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601615's interest payments on its debt are well covered by EBIT (118.6x coverage).