China Meheco Group Balance Sheet Health
Financial Health criteria checks 4/6
China Meheco Group has a total shareholder equity of CN¥14.1B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 41%. Its total assets and total liabilities are CN¥37.9B and CN¥23.8B respectively. China Meheco Group's EBIT is CN¥1.1B making its interest coverage ratio 6.4. It has cash and short-term investments of CN¥2.7B.
Key information
41.0%
Debt to equity ratio
CN¥5.78b
Debt
| Interest coverage ratio | 6.4x |
| Cash | CN¥2.71b |
| Equity | CN¥14.09b |
| Total liabilities | CN¥23.79b |
| Total assets | CN¥37.88b |
Recent financial health updates
Is China Meheco Group (SHSE:600056) Using Too Much Debt?
Aug 01
Does China Meheco Group (SHSE:600056) Have A Healthy Balance Sheet?
Mar 28Recent updates
China Meheco Group's (SHSE:600056) Profits Appear To Have Quality Issues
Nov 04Lacklustre Performance Is Driving China Meheco Group Co., Ltd.'s (SHSE:600056) Low P/E
Sep 18Is China Meheco Group (SHSE:600056) Using Too Much Debt?
Aug 01China Meheco Group (SHSE:600056) Will Pay A Larger Dividend Than Last Year At CN¥0.2102
Jun 23Insufficient Growth At China Meheco Group Co., Ltd. (SHSE:600056) Hampers Share Price
May 28China Meheco Group's (SHSE:600056) Shareholders May Want To Dig Deeper Than Statutory Profit
May 06A Look At The Intrinsic Value Of China Meheco Group Co., Ltd. (SHSE:600056)
Apr 25Does China Meheco Group (SHSE:600056) Have A Healthy Balance Sheet?
Mar 28Financial Position Analysis
Short Term Liabilities: 600056's short term assets (CN¥28.9B) exceed its short term liabilities (CN¥19.9B).
Long Term Liabilities: 600056's short term assets (CN¥28.9B) exceed its long term liabilities (CN¥3.9B).
Debt to Equity History and Analysis
Debt Level: 600056's net debt to equity ratio (21.8%) is considered satisfactory.
Reducing Debt: 600056's debt to equity ratio has increased from 18.8% to 41% over the past 5 years.
Debt Coverage: 600056's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 600056's interest payments on its debt are well covered by EBIT (6.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 11:21 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
China Meheco Group Co., Ltd. is covered by 12 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Shuchang Liu | Changjiang Securities Co. LTD. |
| Bo Chen | Chasing Securities |
| Bin Wu | China Merchants Securities Co. Ltd. |