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).