MeiHua Holdings GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
MeiHua Holdings GroupLtd has a total shareholder equity of CN¥14.1B and total debt of CN¥4.0B, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are CN¥22.5B and CN¥8.4B respectively. MeiHua Holdings GroupLtd's EBIT is CN¥3.3B making its interest coverage ratio -68.3. It has cash and short-term investments of CN¥4.7B.
Key information
28.2%
Debt to equity ratio
CN¥3.98b
Debt
| Interest coverage ratio | -68.3x |
| Cash | CN¥4.68b |
| Equity | CN¥14.13b |
| Total liabilities | CN¥8.41b |
| Total assets | CN¥22.54b |
Recent financial health updates
Recent updates
MeiHua Holdings GroupLtd (SHSE:600873) Is Very Good At Capital Allocation
Jul 12
Insufficient Growth At MeiHua Holdings Group Co.,Ltd (SHSE:600873) Hampers Share Price
May 02Weak Statutory Earnings May Not Tell The Whole Story For MeiHua Holdings GroupLtd (SHSE:600873)
Apr 15MeiHua Holdings GroupLtd (SHSE:600873) Has A Pretty Healthy Balance Sheet
Apr 07Financial Position Analysis
Short Term Liabilities: 600873's short term assets (CN¥8.1B) exceed its short term liabilities (CN¥6.6B).
Long Term Liabilities: 600873's short term assets (CN¥8.1B) exceed its long term liabilities (CN¥1.8B).
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 67.4% to 28.2% over the past 5 years.
Debt Coverage: 600873's debt is well covered by operating cash flow (130.6%).
Interest Coverage: 600873 earns more interest than it pays, so coverage of interest payments is not a concern.