Zhejiang Meili High Technology Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang Meili High Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥525.4M, which brings its debt-to-equity ratio to 48.7%. Its total assets and total liabilities are CN¥2.0B and CN¥937.2M respectively. Zhejiang Meili High Technology's EBIT is CN¥24.4M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥186.4M.
Key information
48.7%
Debt to equity ratio
CN¥525.43m
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥186.37m |
| Equity | CN¥1.08b |
| Total liabilities | CN¥937.18m |
| Total assets | CN¥2.02b |
Recent financial health updates
No updates
Recent updates
We Think Zhejiang Meili High Technology's (SZSE:300611) Robust Earnings Are Conservative
Apr 25
Investors 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¥1.0B) exceed its short term liabilities (CN¥702.3M).
Long Term Liabilities: 300611's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥234.9M).
Debt to Equity History and Analysis
Debt Level: 300611's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: 300611's debt to equity ratio has increased from 30.7% to 48.7% over the past 5 years.
Debt Coverage: 300611's debt is not well covered by operating cash flow (19%).
Interest Coverage: 300611's interest payments on its debt are not well covered by EBIT (1.2x coverage).