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 20.3%. Its total assets and total liabilities are CN¥23.8B and CN¥17.5B respectively. Changhong Meiling's EBIT is CN¥708.1M making its interest coverage ratio -4.1. It has cash and short-term investments of CN¥10.5B.
Key information
20.3%
Debt to equity ratio
CN¥1.28b
Debt
| Interest coverage ratio | -4.1x |
| Cash | CN¥10.54b |
| Equity | CN¥6.31b |
| Total liabilities | CN¥17.54b |
| Total assets | CN¥23.84b |
Recent financial health updates
No updates
Recent updates
Financial 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 20.3% over the past 5 years.
Debt Coverage: 000521's debt is well covered by operating cash flow (265.6%).
Interest Coverage: 000521 earns more interest than it pays, so coverage of interest payments is not a concern.