Midea Group Balance Sheet Health
Financial Health criteria checks 6/6
Midea Group has a total shareholder equity of CN¥183.9B and total debt of CN¥67.5B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CN¥498.0B and CN¥314.1B respectively. Midea Group's EBIT is CN¥38.5B making its interest coverage ratio -6. It has cash and short-term investments of CN¥97.9B.
Key information
36.7%
Debt to equity ratio
CN¥67.45b
Debt
| Interest coverage ratio | -6x |
| Cash | CN¥97.93b |
| Equity | CN¥183.87b |
| Total liabilities | CN¥314.10b |
| Total assets | CN¥497.97b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Midea Group (SZSE:000333) Have Stalled
May 25
There's No Escaping Midea Group Co., Ltd.'s (SZSE:000333) Muted Earnings
Apr 28The Strong Earnings Posted By Midea Group (SZSE:000333) Are A Good Indication Of The Strength Of The Business
Apr 03Why Midea Group Co., Ltd. (SZSE:000333) Could Be Worth Watching
Mar 31Are Investors Undervaluing Midea Group Co., Ltd. (SZSE:000333) By 24%?
Mar 18Here's Why We Think Midea Group (SZSE:000333) Is Well Worth Watching
Feb 29Financial Position Analysis
Short Term Liabilities: 000333's short term assets (CN¥291.7B) exceed its short term liabilities (CN¥254.0B).
Long Term Liabilities: 000333's short term assets (CN¥291.7B) exceed its long term liabilities (CN¥60.1B).
Debt to Equity History and Analysis
Debt Level: 000333 has more cash than its total debt.
Reducing Debt: 000333's debt to equity ratio has reduced from 43.3% to 36.7% over the past 5 years.
Debt Coverage: 000333's debt is well covered by operating cash flow (92.7%).
Interest Coverage: 000333 earns more interest than it pays, so coverage of interest payments is not a concern.