Guangdong Mingzhu Group Co.,Ltd

XSSC:600382 Stock Report

Market Cap: CN¥2.9b

Guangdong Mingzhu GroupLtd Balance Sheet Health

Financial Health criteria checks 5/6

Guangdong Mingzhu GroupLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥83.5M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥3.3B and CN¥367.8M respectively. Guangdong Mingzhu GroupLtd's EBIT is CN¥78.7M making its interest coverage ratio -24.6. It has cash and short-term investments of CN¥361.0M.

Key information

2.8%

Debt to equity ratio

CN¥83.46m

Debt

Interest coverage ratio-24.6x
CashCN¥361.00m
EquityCN¥2.93b
Total liabilitiesCN¥367.81m
Total assetsCN¥3.30b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: 600382's short term assets (CN¥2.1B) exceed its short term liabilities (CN¥310.2M).

Long Term Liabilities: 600382's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥57.6M).


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 14.8% to 2.8% over the past 5 years.

Debt Coverage: 600382's debt is not well covered by operating cash flow (8.4%).

Interest Coverage: 600382 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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