Guangdong Mingyang ElectricLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Mingyang ElectricLtd has a total shareholder equity of CN¥4.4B and total debt of CN¥47.6M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥8.5B and CN¥4.1B respectively. Guangdong Mingyang ElectricLtd's EBIT is CN¥665.9M making its interest coverage ratio -24.4. It has cash and short-term investments of CN¥2.0B.
Key information
1.1%
Debt to equity ratio
CN¥47.57m
Debt
| Interest coverage ratio | -24.4x |
| Cash | CN¥2.00b |
| Equity | CN¥4.44b |
| Total liabilities | CN¥4.08b |
| Total assets | CN¥8.52b |
Recent financial health updates
Guangdong Mingyang ElectricLtd (SZSE:301291) Has A Pretty Healthy Balance Sheet
Oct 22
Does Guangdong Mingyang ElectricLtd (SZSE:301291) Have A Healthy Balance Sheet?
Jul 05Recent updates
Guangdong Mingyang ElectricLtd (SZSE:301291) Has A Pretty Healthy Balance Sheet
Oct 22Impressive Earnings May Not Tell The Whole Story For Guangdong Mingyang ElectricLtd (SZSE:301291)
Sep 03Are Guangdong Mingyang Electric Co.,Ltd. (SZSE:301291) Investors Paying Above The Intrinsic Value?
Aug 24Slowing Rates Of Return At Guangdong Mingyang ElectricLtd (SZSE:301291) Leave Little Room For Excitement
Jul 27Does Guangdong Mingyang ElectricLtd (SZSE:301291) Have A Healthy Balance Sheet?
Jul 05Financial Position Analysis
Short Term Liabilities: 301291's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 301291's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥32.8M).
Debt to Equity History and Analysis
Debt Level: 301291 has more cash than its total debt.
Reducing Debt: 301291's debt to equity ratio has reduced from 33.7% to 1.1% over the past 5 years.
Debt Coverage: 301291's debt is well covered by operating cash flow (188.8%).
Interest Coverage: 301291 earns more interest than it pays, so coverage of interest payments is not a concern.