Tianjin Meiteng Technology Balance Sheet Health
Financial Health criteria checks 5/6
Tianjin Meiteng Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥3.4M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are CN¥1.8B and CN¥375.1M respectively. Tianjin Meiteng Technology's EBIT is CN¥49.1M making its interest coverage ratio -4.6. It has cash and short-term investments of CN¥781.6M.
Key information
0.2%
Debt to equity ratio
CN¥3.40m
Debt
| Interest coverage ratio | -4.6x |
| Cash | CN¥781.62m |
| Equity | CN¥1.46b |
| Total liabilities | CN¥375.13m |
| Total assets | CN¥1.83b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688420's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥357.3M).
Long Term Liabilities: 688420's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥17.8M).
Debt to Equity History and Analysis
Debt Level: 688420 has more cash than its total debt.
Reducing Debt: 688420's debt to equity ratio has reduced from 21.3% to 0.2% over the past 5 years.
Debt Coverage: 688420's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688420 earns more interest than it pays, so coverage of interest payments is not a concern.