Guangdong Mingzhu GroupLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Mingzhu GroupLtd has a total shareholder equity of CN¥3.1B and total debt of CN¥183.7M, which brings its debt-to-equity ratio to 5.9%. Its total assets and total liabilities are CN¥3.6B and CN¥442.7M respectively. Guangdong Mingzhu GroupLtd's EBIT is CN¥216.9M making its interest coverage ratio 80. It has cash and short-term investments of CN¥304.6M.
Key information
5.9%
Debt to equity ratio
CN¥183.74m
Debt
Interest coverage ratio | 80x |
Cash | CN¥304.59m |
Equity | CN¥3.13b |
Total liabilities | CN¥442.70m |
Total assets | CN¥3.57b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600382's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥395.3M).
Long Term Liabilities: 600382's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥47.4M).
Debt to Equity History and Analysis
Debt Level: 600382 has more cash than its total debt.
Reducing Debt: 600382's debt to equity ratio has reduced from 15.6% to 5.9% over the past 5 years.
Debt Coverage: 600382's debt is not well covered by operating cash flow (7.5%).
Interest Coverage: 600382's interest payments on its debt are well covered by EBIT (80x coverage).