Fujian Mindong Electric Power Limited Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Mindong Electric Power Limited has a total shareholder equity of CN¥2.5B and total debt of CN¥381.5M, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are CN¥3.4B and CN¥921.4M respectively. Fujian Mindong Electric Power Limited's EBIT is CN¥272.5M making its interest coverage ratio 132.7. It has cash and short-term investments of CN¥253.2M.
Key information
15.4%
Debt to equity ratio
CN¥381.52m
Debt
| Interest coverage ratio | 132.7x |
| Cash | CN¥253.16m |
| Equity | CN¥2.48b |
| Total liabilities | CN¥921.39m |
| Total assets | CN¥3.41b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000993's short term assets (CN¥795.6M) exceed its short term liabilities (CN¥300.1M).
Long Term Liabilities: 000993's short term assets (CN¥795.6M) exceed its long term liabilities (CN¥621.3M).
Debt to Equity History and Analysis
Debt Level: 000993's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: 000993's debt to equity ratio has reduced from 76.9% to 15.4% over the past 5 years.
Debt Coverage: 000993's debt is not well covered by operating cash flow (11%).
Interest Coverage: 000993's interest payments on its debt are well covered by EBIT (132.7x coverage).