Sichuan Mingxing Electric Power Balance Sheet Health
Financial Health criteria checks 6/6
Sichuan Mingxing Electric Power has a total shareholder equity of CN¥3.0B and total debt of CN¥80.2M, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are CN¥4.2B and CN¥1.2B respectively. Sichuan Mingxing Electric Power's EBIT is CN¥207.1M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥1.0B.
Key information
2.7%
Debt to equity ratio
CN¥80.17m
Debt
| Interest coverage ratio | -5.9x |
| Cash | CN¥1.05b |
| Equity | CN¥3.00b |
| Total liabilities | CN¥1.20b |
| Total assets | CN¥4.20b |
Recent financial health updates
Is Sichuan Mingxing Electric Power (SHSE:600101) A Risky Investment?
Oct 18
Is Sichuan Mingxing Electric Power (SHSE:600101) Using Too Much Debt?
Jun 03Recent updates
Is Sichuan Mingxing Electric Power (SHSE:600101) A Risky Investment?
Oct 18Getting In Cheap On Sichuan Mingxing Electric Power Co., Ltd. (SHSE:600101) Is Unlikely
Sep 27Sichuan Mingxing Electric Power (SHSE:600101) Is Experiencing Growth In Returns On Capital
Aug 19Sichuan Mingxing Electric Power Co., Ltd. (SHSE:600101) Shares May Have Slumped 26% But Getting In Cheap Is Still Unlikely
Jun 27Is 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¥1.3B) exceed its short term liabilities (CN¥902.0M).
Long Term Liabilities: 600101's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥300.7M).
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 3.5% to 2.7% over the past 5 years.
Debt Coverage: 600101's debt is well covered by operating cash flow (407.4%).
Interest Coverage: 600101 earns more interest than it pays, so coverage of interest payments is not a concern.