Shanghai Morn Electric Equipment Balance Sheet Health
Financial Health criteria checks 2/6
Shanghai Morn Electric Equipment has a total shareholder equity of CN¥857.0M and total debt of CN¥579.8M, which brings its debt-to-equity ratio to 67.7%. Its total assets and total liabilities are CN¥1.7B and CN¥891.7M respectively. Shanghai Morn Electric Equipment's EBIT is CN¥19.8M making its interest coverage ratio 1.2. It has cash and short-term investments of CN¥150.7M.
Key information
67.7%
Debt to equity ratio
CN¥579.78m
Debt
| Interest coverage ratio | 1.2x |
| Cash | CN¥150.74m |
| Equity | CN¥857.03m |
| Total liabilities | CN¥891.72m |
| Total assets | CN¥1.75b |
Recent financial health updates
No updates
Recent updates
Shanghai Morn Electric Equipment's (SZSE:002451) Earnings Are Of Questionable Quality
Nov 04
Shanghai Morn Electric Equipment Co., Ltd.'s (SZSE:002451) Shares Climb 36% But Its Business Is Yet to Catch Up
Oct 08Returns At Shanghai Morn Electric Equipment (SZSE:002451) Are On The Way Up
Sep 30Investors Appear Satisfied With Shanghai Morn Electric Equipment Co., Ltd.'s (SZSE:002451) Prospects
Jul 01Shanghai Morn Electric Equipment (SZSE:002451) May Have Issues Allocating Its Capital
Jun 07Shanghai Morn Electric Equipment's (SZSE:002451) Shareholders May Want To Dig Deeper Than Statutory Profit
Apr 01Further Upside For Shanghai Morn Electric Equipment Co., Ltd. (SZSE:002451) Shares Could Introduce Price Risks After 28% Bounce
Mar 06Financial Position Analysis
Short Term Liabilities: 002451's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥800.5M).
Long Term Liabilities: 002451's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥91.2M).
Debt to Equity History and Analysis
Debt Level: 002451's net debt to equity ratio (50.1%) is considered high.
Reducing Debt: 002451's debt to equity ratio has increased from 52.3% to 67.7% over the past 5 years.
Debt Coverage: 002451's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: 002451's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 05:06 |
| End of Day Share Price | 2024/12/24 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.
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Industry and Sector Metrics
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Analyst Sources
Shanghai Morn Electric Equipment Co., Ltd. is covered by 2 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 |
|---|---|
| Yuanrui Liu | Changjiang Securities Co. LTD. |
| Rui Bin Dong | China Merchants Securities Co. Ltd. |