Guangdong Mingyang ElectricLtd Balance Sheet Health
Financial Health criteria checks 6/6
Guangdong Mingyang ElectricLtd has a total shareholder equity of CN¥4.3B and total debt of CN¥160.3M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥7.8B and CN¥3.5B respectively. Guangdong Mingyang ElectricLtd's EBIT is CN¥601.0M making its interest coverage ratio -30.7. It has cash and short-term investments of CN¥2.9B.
Key information
3.7%
Debt to equity ratio
CN¥160.26m
Debt
Interest coverage ratio | -30.7x |
Cash | CN¥2.88b |
Equity | CN¥4.30b |
Total liabilities | CN¥3.53b |
Total assets | CN¥7.83b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301291's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥3.5B).
Long Term Liabilities: 301291's short term assets (CN¥6.7B) exceed its long term liabilities (CN¥66.3M).
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 33.8% to 3.7% over the past 5 years.
Debt Coverage: 301291's debt is well covered by operating cash flow (163.8%).
Interest Coverage: 301291 earns more interest than it pays, so coverage of interest payments is not a concern.