Zhejiang Meili High Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Meili High Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥563.7M, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are CN¥2.1B and CN¥1.0B respectively. Zhejiang Meili High Technology's EBIT is CN¥95.5M making its interest coverage ratio 4.6. It has cash and short-term investments of CN¥220.7M.
Key information
52.0%
Debt to equity ratio
CN¥563.73m
Debt
Interest coverage ratio | 4.6x |
Cash | CN¥220.68m |
Equity | CN¥1.08b |
Total liabilities | CN¥1.03b |
Total assets | CN¥2.11b |
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¥1.2B) exceed its short term liabilities (CN¥796.2M).
Long Term Liabilities: 300611's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥230.8M).
Debt to Equity History and Analysis
Debt Level: 300611's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: 300611's debt to equity ratio has increased from 27.7% to 52% over the past 5 years.
Debt Coverage: 300611's debt is not well covered by operating cash flow (18.2%).
Interest Coverage: 300611's interest payments on its debt are well covered by EBIT (4.6x coverage).