MeiHua Holdings GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
MeiHua Holdings GroupLtd has a total shareholder equity of CN¥14.9B and total debt of CN¥4.3B, which brings its debt-to-equity ratio to 29%. Its total assets and total liabilities are CN¥23.4B and CN¥8.6B respectively. MeiHua Holdings GroupLtd's EBIT is CN¥3.3B making its interest coverage ratio -102.7. It has cash and short-term investments of CN¥4.8B.
Key information
29.0%
Debt to equity ratio
CN¥4.31b
Debt
| Interest coverage ratio | -102.7x |
| Cash | CN¥4.79b |
| Equity | CN¥14.87b |
| Total liabilities | CN¥8.57b |
| Total assets | CN¥23.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600873's short term assets (CN¥9.6B) exceed its short term liabilities (CN¥6.4B).
Long Term Liabilities: 600873's short term assets (CN¥9.6B) exceed its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 600873 has more cash than its total debt.
Reducing Debt: 600873's debt to equity ratio has reduced from 68.1% to 29% over the past 5 years.
Debt Coverage: 600873's debt is well covered by operating cash flow (112.9%).
Interest Coverage: 600873 earns more interest than it pays, so coverage of interest payments is not a concern.