China Meheco Group Balance Sheet Health
Financial Health criteria checks 5/6
China Meheco Group has a total shareholder equity of CN¥14.1B and total debt of CN¥4.8B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are CN¥37.4B and CN¥23.3B respectively. China Meheco Group's EBIT is CN¥1.4B making its interest coverage ratio 239.7. It has cash and short-term investments of CN¥2.6B.
Key information
34.2%
Debt to equity ratio
CN¥4.82b
Debt
Interest coverage ratio | 239.7x |
Cash | CN¥2.63b |
Equity | CN¥14.09b |
Total liabilities | CN¥23.33b |
Total assets | CN¥37.43b |
Financial Position Analysis
Short Term Liabilities: 600056's short term assets (CN¥27.7B) exceed its short term liabilities (CN¥18.5B).
Long Term Liabilities: 600056's short term assets (CN¥27.7B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 600056's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: 600056's debt to equity ratio has increased from 11.9% to 34.2% over the past 5 years.
Debt Coverage: 600056's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 600056's interest payments on its debt are well covered by EBIT (239.7x coverage).