Midea Real Estate Holding Balance Sheet Health
Financial Health criteria checks 5/6
Midea Real Estate Holding has a total shareholder equity of CN¥50.1B and total debt of CN¥38.1B, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are CN¥201.6B and CN¥151.5B respectively. Midea Real Estate Holding's EBIT is CN¥5.0B making its interest coverage ratio -15.9. It has cash and short-term investments of CN¥22.0B.
Key information
76.0%
Debt to equity ratio
CN¥38.07b
Debt
Interest coverage ratio | -15.9x |
Cash | CN¥22.03b |
Equity | CN¥50.12b |
Total liabilities | CN¥151.46b |
Total assets | CN¥201.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MR9's short term assets (CN¥162.6B) exceed its short term liabilities (CN¥125.3B).
Long Term Liabilities: MR9's short term assets (CN¥162.6B) exceed its long term liabilities (CN¥26.2B).
Debt to Equity History and Analysis
Debt Level: MR9's net debt to equity ratio (32%) is considered satisfactory.
Reducing Debt: MR9's debt to equity ratio has reduced from 209.9% to 76% over the past 5 years.
Debt Coverage: MR9's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: MR9 earns more interest than it pays, so coverage of interest payments is not a concern.