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¥1.2B, which brings its debt-to-equity ratio to 17.9%. Its total assets and total liabilities are CN¥22.6B and CN¥16.2B respectively. Changhong Meiling's EBIT is CN¥652.9M making its interest coverage ratio -3.5. It has cash and short-term investments of CN¥10.1B.
Key information
17.9%
Debt to equity ratio
CN¥1.15b
Debt
| Interest coverage ratio | -3.5x |
| Cash | CN¥10.09b |
| Equity | CN¥6.42b |
| Total liabilities | CN¥16.21b |
| Total assets | CN¥22.63b |
Recent financial health updates
We Think Changhong Meiling (SZSE:000521) Can Manage Its Debt With Ease
Jul 16
Does Changhong Meiling (SZSE:000521) Have A Healthy Balance Sheet?
Apr 16Recent updates
We Like These Underlying Return On Capital Trends At Changhong Meiling (SZSE:000521)
Oct 07Changhong Meiling Co., Ltd. (SZSE:000521) Stock Catapults 33% Though Its Price And Business Still Lag The Market
Sep 21We Think Changhong Meiling (SZSE:000521) Can Manage Its Debt With Ease
Jul 16Here's Why We Think Changhong Meiling (SZSE:000521) Might Deserve Your Attention Today
Jun 24Changhong Meiling's (SZSE:000521) Dividend Will Be Increased To CN¥0.30
Jun 07Changhong Meiling Co., Ltd.'s (SZSE:000521) Shares Bounce 28% But Its Business Still Trails The Market
May 09There'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¥16.9B) exceed its short term liabilities (CN¥15.9B).
Long Term Liabilities: 000521's short term assets (CN¥16.9B) exceed its long term liabilities (CN¥301.6M).
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 38.7% to 17.9% over the past 5 years.
Debt Coverage: 000521's debt is well covered by operating cash flow (210.5%).
Interest Coverage: 000521 earns more interest than it pays, so coverage of interest payments is not a concern.