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¥5.5B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are CN¥37.4B and CN¥23.3B respectively. China Meheco Group's EBIT is CN¥1.2B making its interest coverage ratio 7.2. It has cash and short-term investments of CN¥2.6B.
Key information
39.0%
Debt to equity ratio
CN¥5.50b
Debt
Interest coverage ratio | 7.2x |
Cash | CN¥2.63b |
Equity | CN¥14.09b |
Total liabilities | CN¥23.33b |
Total assets | CN¥37.43b |
Recent financial health updates
Recent updates
Insufficient 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¥28.5B) exceed its short term liabilities (CN¥18.5B).
Long Term Liabilities: 600056's short term assets (CN¥28.5B) exceed its long term liabilities (CN¥4.8B).
Debt to Equity History and Analysis
Debt Level: 600056's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: 600056's debt to equity ratio has increased from 11.9% to 39% over the past 5 years.
Debt Coverage: 600056's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 600056's interest payments on its debt are well covered by EBIT (7.2x coverage).