Shanxi Meijin EnergyLtd Balance Sheet Health
Financial Health criteria checks 1/6
Shanxi Meijin EnergyLtd has a total shareholder equity of CN¥16.1B and total debt of CN¥8.7B, which brings its debt-to-equity ratio to 54.2%. Its total assets and total liabilities are CN¥43.5B and CN¥27.4B respectively.
Key information
54.2%
Debt to equity ratio
CN¥8.73b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥4.68b |
| Equity | CN¥16.11b |
| Total liabilities | CN¥27.44b |
| Total assets | CN¥43.55b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000723's short term assets (CN¥9.2B) do not cover its short term liabilities (CN¥17.9B).
Long Term Liabilities: 000723's short term assets (CN¥9.2B) do not cover its long term liabilities (CN¥9.5B).
Debt to Equity History and Analysis
Debt Level: 000723's net debt to equity ratio (25.2%) is considered satisfactory.
Reducing Debt: 000723's debt to equity ratio has increased from 30.4% to 54.2% over the past 5 years.
Debt Coverage: 000723's debt is not well covered by operating cash flow (18.7%).
Interest Coverage: Insufficient data to determine if 000723's interest payments on its debt are well covered by EBIT.