Hefei Meyer Optoelectronic Technology Balance Sheet Health
Financial Health criteria checks 6/6
Hefei Meyer Optoelectronic Technology has a total shareholder equity of CN¥2.8B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥3.4B and CN¥559.1M respectively. Hefei Meyer Optoelectronic Technology's EBIT is CN¥698.5M making its interest coverage ratio -15.3. It has cash and short-term investments of CN¥1.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -15.3x |
| Cash | CN¥1.57b |
| Equity | CN¥2.81b |
| Total liabilities | CN¥559.07m |
| Total assets | CN¥3.37b |
Recent financial health updates
No updates
Recent updates
Investors Aren't Buying Hefei Meyer Optoelectronic Technology Inc.'s (SZSE:002690) Earnings
Apr 25
Hefei Meyer Optoelectronic Technology (SZSE:002690) Strong Profits May Be Masking Some Underlying Issues
Apr 05Earnings Miss: Hefei Meyer Optoelectronic Technology Inc. Missed EPS By 6.4% And Analysts Are Revising Their Forecasts
Apr 02Financial Position Analysis
Short Term Liabilities: 002690's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥511.2M).
Long Term Liabilities: 002690's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥47.8M).
Debt to Equity History and Analysis
Debt Level: 002690 is debt free.
Reducing Debt: 002690 has no debt compared to 5 years ago when its debt to equity ratio was 0.1%.
Debt Coverage: 002690 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002690 has no debt, therefore coverage of interest payments is not a concern.