Zhejiang Meilun Elevator Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Meilun Elevator has a total shareholder equity of CN¥1.3B and total debt of CN¥16.8M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are CN¥2.0B and CN¥774.8M respectively. Zhejiang Meilun Elevator's EBIT is CN¥52.1M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥803.4M.
Key information
1.3%
Debt to equity ratio
CN¥16.78m
Debt
| Interest coverage ratio | -1.8x |
| Cash | CN¥803.43m |
| Equity | CN¥1.25b |
| Total liabilities | CN¥774.85m |
| Total assets | CN¥2.03b |
Recent financial health updates
No updates
Recent updates
Zhejiang Meilun Elevator's (SHSE:603321) Profits May Not Reveal Underlying Issues
Nov 04
Cautious Investors Not Rewarding Zhejiang Meilun Elevator Co., Ltd.'s (SHSE:603321) Performance Completely
Jul 19We Think You Should Be Aware Of Some Concerning Factors In Zhejiang Meilun Elevator's (SHSE:603321) Earnings
May 03There's Reason For Concern Over Zhejiang Meilun Elevator Co., Ltd.'s (SHSE:603321) Massive 36% Price Jump
Mar 09Zhejiang Meilun Elevator (SHSE:603321) Could Be Struggling To Allocate Capital
Feb 29Financial Position Analysis
Short Term Liabilities: 603321's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥765.5M).
Long Term Liabilities: 603321's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥9.3M).
Debt to Equity History and Analysis
Debt Level: 603321 has more cash than its total debt.
Reducing Debt: 603321's debt to equity ratio has increased from 0% to 1.3% over the past 5 years.
Debt Coverage: 603321's debt is well covered by operating cash flow (1178.7%).
Interest Coverage: 603321 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 09:54 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Zhejiang Meilun Elevator Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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