Changhong Meiling Balance Sheet Health
Financial Health criteria checks 6/6
Changhong Meiling has a total shareholder equity of CN¥6.3B and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 20.5%. Its total assets and total liabilities are CN¥23.8B and CN¥17.5B respectively. Changhong Meiling's EBIT is CN¥767.6M making its interest coverage ratio -8.8. It has cash and short-term investments of CN¥10.1B.
Key information
20.5%
Debt to equity ratio
CN¥1.29b
Debt
Interest coverage ratio | -8.8x |
Cash | CN¥10.14b |
Equity | CN¥6.31b |
Total liabilities | CN¥17.54b |
Total assets | CN¥23.84b |
Recent financial health updates
We Think Changhong Meiling (SZSE:000521) Can Manage Its Debt With Ease
Jul 16Does Changhong Meiling (SZSE:000521) Have A Healthy Balance Sheet?
Apr 16Recent updates
We 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¥18.2B) exceed its short term liabilities (CN¥17.1B).
Long Term Liabilities: 000521's short term assets (CN¥18.2B) exceed its long term liabilities (CN¥388.3M).
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 41.4% to 20.5% over the past 5 years.
Debt Coverage: 000521's debt is well covered by operating cash flow (262.7%).
Interest Coverage: 000521 earns more interest than it pays, so coverage of interest payments is not a concern.