Shanghai Morn Electric Equipment Balance Sheet Health
Financial Health criteria checks 3/6
Shanghai Morn Electric Equipment has a total shareholder equity of CN¥855.9M and total debt of CN¥575.5M, which brings its debt-to-equity ratio to 67.2%. Its total assets and total liabilities are CN¥1.6B and CN¥770.2M respectively. Shanghai Morn Electric Equipment's EBIT is CN¥21.7M making its interest coverage ratio 1.3. It has cash and short-term investments of CN¥144.6M.
Key information
67.2%
Debt to equity ratio
CN¥575.46m
Debt
Interest coverage ratio | 1.3x |
Cash | CN¥144.55m |
Equity | CN¥855.89m |
Total liabilities | CN¥770.21m |
Total assets | CN¥1.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002451's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥650.2M).
Long Term Liabilities: 002451's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥120.0M).
Debt to Equity History and Analysis
Debt Level: 002451's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: 002451's debt to equity ratio has increased from 51.5% to 67.2% over the past 5 years.
Debt Coverage: 002451's debt is well covered by operating cash flow (30.6%).
Interest Coverage: 002451's interest payments on its debt are not well covered by EBIT (1.3x coverage).