Zhejiang Meili High Technology Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Meili High Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥562.9M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are CN¥2.1B and CN¥970.2M respectively. Zhejiang Meili High Technology's EBIT is CN¥103.3M making its interest coverage ratio 5. It has cash and short-term investments of CN¥246.4M.
Key information
51.2%
Debt to equity ratio
CN¥562.92m
Debt
Interest coverage ratio | 5x |
Cash | CN¥246.41m |
Equity | CN¥1.10b |
Total liabilities | CN¥970.17m |
Total assets | CN¥2.07b |
Recent financial health updates
No updates
Recent updates
We Think Zhejiang Meili High Technology's (SZSE:300611) Robust Earnings Are Conservative
Apr 25Investors Could Be Concerned With Zhejiang Meili High Technology's (SZSE:300611) Returns On Capital
Apr 16A Piece Of The Puzzle Missing From Zhejiang Meili High Technology Co., Ltd.'s (SZSE:300611) 37% Share Price Climb
Mar 08Financial Position Analysis
Short Term Liabilities: 300611's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥707.8M).
Long Term Liabilities: 300611's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥262.4M).
Debt to Equity History and Analysis
Debt Level: 300611's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: 300611's debt to equity ratio has increased from 32.3% to 51.2% over the past 5 years.
Debt Coverage: 300611's debt is well covered by operating cash flow (28.2%).
Interest Coverage: 300611's interest payments on its debt are well covered by EBIT (5x coverage).