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
Financial 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.