Henan Mingtai Al.IndustrialLtd Balance Sheet Health
Financial Health criteria checks 5/6
Henan Mingtai Al.IndustrialLtd has a total shareholder equity of CN¥15.0B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 7.5%. Its total assets and total liabilities are CN¥20.6B and CN¥5.5B respectively. Henan Mingtai Al.IndustrialLtd's EBIT is CN¥1.2B making its interest coverage ratio -39.9. It has cash and short-term investments of CN¥3.7B.
Key information
7.5%
Debt to equity ratio
CN¥1.13b
Debt
| Interest coverage ratio | -39.9x |
| Cash | CN¥3.70b |
| Equity | CN¥15.04b |
| Total liabilities | CN¥5.53b |
| Total assets | CN¥20.57b |
Recent financial health updates
Recent updates
Little Excitement Around Henan Mingtai Al.Industrial Co.,Ltd.'s (SHSE:601677) Earnings
Sep 30
Henan Mingtai Al.IndustrialLtd (SHSE:601677) Has A Pretty Healthy Balance Sheet
Aug 25Henan Mingtai Al.Industrial Co.,Ltd.'s (SHSE:601677) Low P/E No Reason For Excitement
May 30Henan Mingtai Al.IndustrialLtd's (SHSE:601677) Shareholders May Want To Dig Deeper Than Statutory Profit
May 03Financial Position Analysis
Short Term Liabilities: 601677's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥4.5B).
Long Term Liabilities: 601677's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 601677 has more cash than its total debt.
Reducing Debt: 601677's debt to equity ratio has reduced from 19.8% to 7.5% over the past 5 years.
Debt Coverage: 601677's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601677 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 00:45 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2023/09/30 |
| Annual Earnings | 2022/12/31 |
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
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Analyst Sources
Henan Mingtai Al.Industrial Co.,Ltd. is covered by 10 analysts. 5 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 |
|---|---|
| Wenping Liu | China Merchants Securities Co. Ltd. |
| Zhaohua Wang | Everbright Securities Co. Ltd. |
| Cheng Yang | Founder Securities Co., Ltd. |