Midea Group Balance Sheet Health
Financial Health criteria checks 6/6
Midea Group has a total shareholder equity of CN¥176.3B and total debt of CN¥70.8B, which brings its debt-to-equity ratio to 40.1%. Its total assets and total liabilities are CN¥506.6B and CN¥330.3B respectively. Midea Group's EBIT is CN¥38.8B making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥146.2B.
Key information
40.1%
Debt to equity ratio
CN¥70.75b
Debt
| Interest coverage ratio | -5.3x |
| Cash | CN¥146.18b |
| Equity | CN¥176.29b |
| Total liabilities | CN¥330.35b |
| Total assets | CN¥506.63b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 300's short term assets (CN¥301.8B) exceed its short term liabilities (CN¥276.4B).
Long Term Liabilities: 300's short term assets (CN¥301.8B) exceed its long term liabilities (CN¥54.0B).
Debt to Equity History and Analysis
Debt Level: 300 has more cash than its total debt.
Reducing Debt: 300's debt to equity ratio has reduced from 44.5% to 40.1% over the past 5 years.
Debt Coverage: 300's debt is well covered by operating cash flow (87.1%).
Interest Coverage: 300 earns more interest than it pays, so coverage of interest payments is not a concern.