Hengdian Group DMEGC Magnetics Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Hengdian Group DMEGC Magnetics has a total shareholder equity of CN¥10.8B and total debt of CN¥644.0M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CN¥24.0B and CN¥13.2B respectively. Hengdian Group DMEGC Magnetics's EBIT is CN¥2.2B making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥7.8B.
Key information
5.97%
Debt to equity ratio
CN¥644.00m
Debt
| Interest coverage ratio | -15.4x |
| Cash | CN¥7.85b |
| Equity | CN¥10.79b |
| Total liabilities | CN¥13.20b |
| Total assets | CN¥23.99b |
Recent financial health updates
Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Seems To Use Debt Quite Sensibly
Dec 08
These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well
Jul 12Recent updates
It's A Story Of Risk Vs Reward With Hengdian Group DMEGC Magnetics Co. ,Ltd (SZSE:002056)
Mar 07Returns On Capital At Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Have Hit The Brakes
Feb 13Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Seems To Use Debt Quite Sensibly
Dec 08Fewer Investors Than Expected Jumping On Hengdian Group DMEGC Magnetics Co. ,Ltd (SZSE:002056)
Nov 19Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Weak Earnings May Only Reveal A Part Of The Whole Picture
Nov 01Returns On Capital At Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Have Stalled
Sep 11Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Share Price Is Matching Sentiment Around Its Earnings
Aug 18These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well
Jul 12Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Will Pay A Larger Dividend Than Last Year At CN¥0.3884
May 13Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Knows How To Allocate Capital Effectively
May 09Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Earnings May Just Be The Starting Point
Mar 15Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Shares Bounce 26% But Its Business Still Trails The Market
Mar 04Financial Position Analysis
Short Term Liabilities: 002056's short term assets (CN¥16.4B) exceed its short term liabilities (CN¥12.4B).
Long Term Liabilities: 002056's short term assets (CN¥16.4B) exceed its long term liabilities (CN¥752.1M).
Debt to Equity History and Analysis
Debt Level: 002056 has more cash than its total debt.
Reducing Debt: 002056's debt to equity ratio has reduced from 13.5% to 6% over the past 5 years.
Debt Coverage: 002056's debt is well covered by operating cash flow (514.2%).
Interest Coverage: 002056 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/24 23:15 |
| End of Day Share Price | 2025/05/23 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Hengdian Group DMEGC Magnetics Co. ,Ltd is covered by 9 analysts. 2 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 |
|---|---|
| Zhongshu Yin | Everbright Securities Co. Ltd. |
| Xinrong Deng | Founder Securities Co., Ltd. |
| Xiongwei Yue | Great Wall Securities Co., Ltd. |