MeiHua Holdings GroupLtd Balance Sheet Health
Financial Health criteria checks 6/6
MeiHua Holdings GroupLtd has a total shareholder equity of CN¥14.7B and total debt of CN¥3.8B, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are CN¥23.5B and CN¥8.8B respectively. MeiHua Holdings GroupLtd's EBIT is CN¥3.1B making its interest coverage ratio -55.1. It has cash and short-term investments of CN¥5.7B.
Key information
25.9%
Debt to equity ratio
CN¥3.82b
Debt
| Interest coverage ratio | -55.1x |
| Cash | CN¥5.65b |
| Equity | CN¥14.72b |
| Total liabilities | CN¥8.82b |
| Total assets | CN¥23.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600873's short term assets (CN¥8.6B) exceed its short term liabilities (CN¥7.3B).
Long Term Liabilities: 600873's short term assets (CN¥8.6B) exceed its long term liabilities (CN¥1.5B).
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 74.7% to 25.9% over the past 5 years.
Debt Coverage: 600873's debt is well covered by operating cash flow (116%).
Interest Coverage: 600873 earns more interest than it pays, so coverage of interest payments is not a concern.