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).