China MeiDong Auto Holdings Balance Sheet Health
Financial Health criteria checks 6/6
China MeiDong Auto Holdings has a total shareholder equity of CN¥5.2B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 59.5%. Its total assets and total liabilities are CN¥14.3B and CN¥9.1B respectively. China MeiDong Auto Holdings's EBIT is CN¥548.6M making its interest coverage ratio 3.4. It has cash and short-term investments of CN¥2.8B.
Key information
59.5%
Debt to equity ratio
CN¥3.09b
Debt
| Interest coverage ratio | 3.4x |
| Cash | CN¥2.80b |
| Equity | CN¥5.18b |
| Total liabilities | CN¥9.08b |
| Total assets | CN¥14.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 55M's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥6.7B).
Long Term Liabilities: 55M's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥2.4B).
Debt to Equity History and Analysis
Debt Level: 55M's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 55M's debt to equity ratio has reduced from 81.2% to 59.5% over the past 5 years.
Debt Coverage: 55M's debt is well covered by operating cash flow (31.6%).
Interest Coverage: 55M's interest payments on its debt are well covered by EBIT (3.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 09:56 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
China MeiDong Auto Holdings Limited is covered by 22 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jia Lou | BOCI Research Ltd. |
| Joey Yang | BofA Global Research |
| P. Ting | CGS International |