China MeiDong Auto Holdings Balance Sheet Health
Financial Health criteria checks 6/6
China MeiDong Auto Holdings has a total shareholder equity of CN¥5.3B and total debt of CN¥3.7B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are CN¥14.2B and CN¥8.9B respectively. China MeiDong Auto Holdings's EBIT is CN¥573.2M making its interest coverage ratio 3.1. It has cash and short-term investments of CN¥2.9B.
Key information
69.2%
Debt to equity ratio
CN¥3.66b
Debt
Interest coverage ratio | 3.1x |
Cash | CN¥2.92b |
Equity | CN¥5.29b |
Total liabilities | CN¥8.93b |
Total assets | CN¥14.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 55M's short term assets (CN¥6.4B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 55M's short term assets (CN¥6.4B) exceed its long term liabilities (CN¥4.5B).
Debt to Equity History and Analysis
Debt Level: 55M's net debt to equity ratio (13.9%) is considered satisfactory.
Reducing Debt: 55M's debt to equity ratio has reduced from 84.1% to 69.2% over the past 5 years.
Debt Coverage: 55M's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 55M's interest payments on its debt are well covered by EBIT (3.1x coverage).