Sichuan Mingxing Electric Power Balance Sheet Health
Financial Health criteria checks 6/6
Sichuan Mingxing Electric Power has a total shareholder equity of CN¥2.9B and total debt of CN¥80.0M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥4.0B and CN¥1.1B respectively. Sichuan Mingxing Electric Power's EBIT is CN¥175.7M making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥968.1M.
Key information
2.8%
Debt to equity ratio
CN¥80.00m
Debt
| Interest coverage ratio | -5.6x |
| Cash | CN¥968.05m |
| Equity | CN¥2.90b |
| Total liabilities | CN¥1.15b |
| Total assets | CN¥4.05b |
Recent financial health updates
Recent updates
Sichuan Mingxing Electric Power Co., Ltd. (SHSE:600101) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 27
Is Sichuan Mingxing Electric Power (SHSE:600101) Using Too Much Debt?
Jun 03Sichuan Mingxing Electric Power Co., Ltd.'s (SHSE:600101) Shares Bounce 25% But Its Business Still Trails The Market
May 13We Think You Should Be Aware Of Some Concerning Factors In Sichuan Mingxing Electric Power's (SHSE:600101) Earnings
Apr 09Financial Position Analysis
Short Term Liabilities: 600101's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥844.0M).
Long Term Liabilities: 600101's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥304.4M).
Debt to Equity History and Analysis
Debt Level: 600101 has more cash than its total debt.
Reducing Debt: 600101's debt to equity ratio has reduced from 3.6% to 2.8% over the past 5 years.
Debt Coverage: 600101's debt is well covered by operating cash flow (431.3%).
Interest Coverage: 600101 earns more interest than it pays, so coverage of interest payments is not a concern.