Midea Group Balance Sheet Health
Financial Health criteria checks 6/6
Midea Group has a total shareholder equity of CN¥220.3B and total debt of CN¥80.7B, which brings its debt-to-equity ratio to 36.7%. Its total assets and total liabilities are CN¥567.2B and CN¥346.9B respectively. Midea Group's EBIT is CN¥37.8B making its interest coverage ratio -5. It has cash and short-term investments of CN¥167.9B.
Key information
36.7%
Debt to equity ratio
CN¥80.75b
Debt
| Interest coverage ratio | -5x |
| Cash | CN¥167.87b |
| Equity | CN¥220.30b |
| Total liabilities | CN¥346.85b |
| Total assets | CN¥567.15b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 300's short term assets (CN¥362.0B) exceed its short term liabilities (CN¥322.0B).
Long Term Liabilities: 300's short term assets (CN¥362.0B) exceed its long term liabilities (CN¥24.8B).
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 41.5% to 36.7% over the past 5 years.
Debt Coverage: 300's debt is well covered by operating cash flow (90.9%).
Interest Coverage: 300 earns more interest than it pays, so coverage of interest payments is not a concern.