Henan Mingtai Al.IndustrialLtd Balance Sheet Health
Financial Health criteria checks 6/6
Henan Mingtai Al.IndustrialLtd has a total shareholder equity of CN¥15.9B and total debt of CN¥450.9M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥21.2B and CN¥5.3B respectively. Henan Mingtai Al.IndustrialLtd's EBIT is CN¥1.4B making its interest coverage ratio -66.7. It has cash and short-term investments of CN¥4.1B.
Key information
2.8%
Debt to equity ratio
CN¥450.88m
Debt
Interest coverage ratio | -66.7x |
Cash | CN¥4.12b |
Equity | CN¥15.94b |
Total liabilities | CN¥5.30b |
Total assets | CN¥21.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601677's short term assets (CN¥13.2B) exceed its short term liabilities (CN¥4.9B).
Long Term Liabilities: 601677's short term assets (CN¥13.2B) exceed its long term liabilities (CN¥358.8M).
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 12.4% to 2.8% over the past 5 years.
Debt Coverage: 601677's debt is well covered by operating cash flow (147.7%).
Interest Coverage: 601677 earns more interest than it pays, so coverage of interest payments is not a concern.