Changhong Meiling Balance Sheet Health
Financial Health criteria checks 6/6
Changhong Meiling has a total shareholder equity of CN¥6.4B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 22.1%. Its total assets and total liabilities are CN¥21.6B and CN¥15.2B respectively. Changhong Meiling's EBIT is CN¥681.4M making its interest coverage ratio -4. It has cash and short-term investments of CN¥8.6B.
Key information
22.1%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | -4x |
| Cash | CN¥8.64b |
| Equity | CN¥6.35b |
| Total liabilities | CN¥15.21b |
| Total assets | CN¥21.56b |
Recent financial health updates
Recent updates
Changhong Meiling Co., Ltd.'s (SZSE:000521) Shares Bounce 28% But Its Business Still Trails The Market
May 09
There's Been No Shortage Of Growth Recently For Changhong Meiling's (SZSE:000521) Returns On Capital
May 06Does Changhong Meiling (SZSE:000521) Have A Healthy Balance Sheet?
Apr 16If EPS Growth Is Important To You, Changhong Meiling (SZSE:000521) Presents An Opportunity
Mar 02Financial Position Analysis
Short Term Liabilities: 000521's short term assets (CN¥16.6B) exceed its short term liabilities (CN¥14.9B).
Long Term Liabilities: 000521's short term assets (CN¥16.6B) exceed its long term liabilities (CN¥338.5M).
Debt to Equity History and Analysis
Debt Level: 000521 has more cash than its total debt.
Reducing Debt: 000521's debt to equity ratio has reduced from 45.9% to 22.1% over the past 5 years.
Debt Coverage: 000521's debt is well covered by operating cash flow (166.6%).
Interest Coverage: 000521 earns more interest than it pays, so coverage of interest payments is not a concern.