Tianjin Meiteng Technology Co., Ltd

SHSE:688420 Stock Report

Market Cap: CN¥2.1b

Tianjin Meiteng Technology Balance Sheet Health

Financial Health criteria checks 6/6

Tianjin Meiteng Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥375.1M respectively. Tianjin Meiteng Technology's EBIT is CN¥47.0M making its interest coverage ratio -3.2. It has cash and short-term investments of CN¥781.6M.

Key information

0%

Debt to equity ratio

CN¥0

Debt

Interest coverage ratio-3.2x
CashCN¥781.62m
EquityCN¥1.46b
Total liabilitiesCN¥375.13m
Total assetsCN¥1.83b

Recent financial health updates

No updates

Recent updates

Tianjin Meiteng Technology's (SHSE:688420) Shareholders May Want To Dig Deeper Than Statutory Profit

Nov 04
Tianjin Meiteng Technology's (SHSE:688420) Shareholders May Want To Dig Deeper Than Statutory Profit

Why Tianjin Meiteng Technology's (SHSE:688420) Shaky Earnings Are Just The Beginning Of Its Problems

May 02
Why Tianjin Meiteng Technology's (SHSE:688420) Shaky Earnings Are Just The Beginning Of Its Problems

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 is debt free.

Reducing Debt: 688420 has no debt compared to 5 years ago when its debt to equity ratio was 21.3%.

Debt Coverage: 688420 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 688420 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies