Huaming Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Huaming Power EquipmentLtd has a total shareholder equity of CN¥3.4B and total debt of CN¥320.4M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are CN¥4.5B and CN¥1.2B respectively. Huaming Power EquipmentLtd's EBIT is CN¥590.6M making its interest coverage ratio -27.7. It has cash and short-term investments of CN¥1.1B.
Key information
9.5%
Debt to equity ratio
CN¥320.45m
Debt
| Interest coverage ratio | -27.7x |
| Cash | CN¥1.11b |
| Equity | CN¥3.36b |
| Total liabilities | CN¥1.16b |
| Total assets | CN¥4.52b |
Recent financial health updates
Recent updates
Huaming Power EquipmentLtd (SZSE:002270) Could Easily Take On More Debt
Apr 29
We Ran A Stock Scan For Earnings Growth And Huaming Power EquipmentLtd (SZSE:002270) Passed With Ease
Apr 03Huaming Power Equipment Co.,Ltd (SZSE:002270) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Mar 04Financial Position Analysis
Short Term Liabilities: 002270's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥740.6M).
Long Term Liabilities: 002270's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥414.9M).
Debt to Equity History and Analysis
Debt Level: 002270 has more cash than its total debt.
Reducing Debt: 002270's debt to equity ratio has reduced from 43.2% to 9.5% over the past 5 years.
Debt Coverage: 002270's debt is well covered by operating cash flow (194%).
Interest Coverage: 002270 earns more interest than it pays, so coverage of interest payments is not a concern.