Huaming Power EquipmentLtd Balance Sheet Health
Financial Health criteria checks 6/6
Huaming Power EquipmentLtd has a total shareholder equity of CN¥3.5B and total debt of CN¥336.9M, which brings its debt-to-equity ratio to 9.6%. Its total assets and total liabilities are CN¥4.7B and CN¥1.2B respectively. Huaming Power EquipmentLtd's EBIT is CN¥610.9M making its interest coverage ratio -19.3. It has cash and short-term investments of CN¥1.2B.
Key information
9.6%
Debt to equity ratio
CN¥336.94m
Debt
Interest coverage ratio | -19.3x |
Cash | CN¥1.24b |
Equity | CN¥3.49b |
Total liabilities | CN¥1.16b |
Total assets | CN¥4.66b |
Recent financial health updates
Does Huaming Power EquipmentLtd (SZSE:002270) Have A Healthy Balance Sheet?
Aug 15Huaming Power EquipmentLtd (SZSE:002270) Could Easily Take On More Debt
Apr 29Recent updates
Does Huaming Power EquipmentLtd (SZSE:002270) Have A Healthy Balance Sheet?
Aug 15We Ran A Stock Scan For Earnings Growth And Huaming Power EquipmentLtd (SZSE:002270) Passed With Ease
Jul 25Huaming Power EquipmentLtd (SZSE:002270) Is Experiencing Growth In Returns On Capital
Jun 27Huaming Power EquipmentLtd (SZSE:002270) Is Increasing Its Dividend To CN¥0.55
May 24Is Huaming Power Equipment Co.,Ltd (SZSE:002270) Expensive For A Reason? A Look At Its Intrinsic Value
May 13Huaming Power EquipmentLtd (SZSE:002270) Could Easily Take On More Debt
Apr 29We 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¥3.1B) exceed its short term liabilities (CN¥771.4M).
Long Term Liabilities: 002270's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥391.6M).
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 43.8% to 9.6% over the past 5 years.
Debt Coverage: 002270's debt is well covered by operating cash flow (236.9%).
Interest Coverage: 002270 earns more interest than it pays, so coverage of interest payments is not a concern.