Hengdian Group DMEGC Magnetics Co. ,Ltd

SZSE:002056 Stock Report

Market Cap: CN¥22.4b

Hengdian Group DMEGC Magnetics Ltd Balance Sheet Health

Financial Health criteria checks 5/6

Hengdian Group DMEGC Magnetics has a total shareholder equity of CN¥9.4B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are CN¥21.1B and CN¥11.7B respectively. Hengdian Group DMEGC Magnetics's EBIT is CN¥1.3B making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥6.2B.

Key information

16.4%

Debt to equity ratio

CN¥1.54b

Debt

Interest coverage ratio-7.8x
CashCN¥6.21b
EquityCN¥9.36b
Total liabilitiesCN¥11.75b
Total assetsCN¥21.10b

Recent financial health updates

These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well

Jul 12
These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well

Recent updates

Fewer Investors Than Expected Jumping On Hengdian Group DMEGC Magnetics Co. ,Ltd (SZSE:002056)

Nov 19
Fewer Investors Than Expected Jumping On Hengdian Group DMEGC Magnetics Co. ,Ltd (SZSE:002056)

Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Weak Earnings May Only Reveal A Part Of The Whole Picture

Nov 01
Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Weak Earnings May Only Reveal A Part Of The Whole Picture

Returns On Capital At Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Have Stalled

Sep 11
Returns On Capital At Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Have Stalled

Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Share Price Is Matching Sentiment Around Its Earnings

Aug 18
Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Share Price Is Matching Sentiment Around Its Earnings

These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well

Jul 12
These 4 Measures Indicate That Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Is Using Debt Reasonably Well

Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Will Pay A Larger Dividend Than Last Year At CN¥0.3884

May 13
Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Will Pay A Larger Dividend Than Last Year At CN¥0.3884

Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Knows How To Allocate Capital Effectively

May 09
Hengdian Group DMEGC Magnetics Ltd (SZSE:002056) Knows How To Allocate Capital Effectively

Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Earnings May Just Be The Starting Point

Mar 15
Hengdian Group DMEGC Magnetics Ltd's (SZSE:002056) Earnings May Just Be The Starting Point

Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Shares Bounce 26% But Its Business Still Trails The Market

Mar 04
Hengdian Group DMEGC Magnetics Co. ,Ltd's (SZSE:002056) Shares Bounce 26% But Its Business Still Trails The Market

Financial Position Analysis

Short Term Liabilities: 002056's short term assets (CN¥14.0B) exceed its short term liabilities (CN¥11.2B).

Long Term Liabilities: 002056's short term assets (CN¥14.0B) exceed its long term liabilities (CN¥547.7M).

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 increased from 0% to 16.4% over the past 5 years.

Debt Coverage: 002056's debt is well covered by operating cash flow (139.1%).

Interest Coverage: 002056 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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