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
No updates
Recent updates
Financial 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.