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¥9.0B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 31%. Its total assets and total liabilities are CN¥21.5B and CN¥12.5B respectively. Hengdian Group DMEGC Magnetics's EBIT is CN¥1.9B making its interest coverage ratio -11.4. It has cash and short-term investments of CN¥8.4B.
Key information
31.0%
Debt to equity ratio
CN¥2.79b
Debt
Interest coverage ratio | -11.4x |
Cash | CN¥8.41b |
Equity | CN¥9.01b |
Total liabilities | CN¥12.46b |
Total assets | CN¥21.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002056's short term assets (CN¥14.8B) exceed its short term liabilities (CN¥11.8B).
Long Term Liabilities: 002056's short term assets (CN¥14.8B) exceed its long term liabilities (CN¥641.6M).
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 1.7% to 31% over the past 5 years.
Debt Coverage: 002056's debt is well covered by operating cash flow (138.6%).
Interest Coverage: 002056 earns more interest than it pays, so coverage of interest payments is not a concern.