Zhejiang Meilun Elevator Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Meilun Elevator has a total shareholder equity of CN¥1.2B and total debt of CN¥46.1M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are CN¥2.0B and CN¥769.5M respectively. Zhejiang Meilun Elevator's EBIT is CN¥46.7M making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥846.7M.
Key information
3.7%
Debt to equity ratio
CN¥46.14m
Debt
Interest coverage ratio | -1.7x |
Cash | CN¥846.70m |
Equity | CN¥1.24b |
Total liabilities | CN¥769.47m |
Total assets | CN¥2.01b |
Recent financial health updates
No updates
Recent updates
We 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¥760.0M).
Long Term Liabilities: 603321's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥9.5M).
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 3.7% over the past 5 years.
Debt Coverage: 603321's debt is well covered by operating cash flow (444.7%).
Interest Coverage: 603321 earns more interest than it pays, so coverage of interest payments is not a concern.