Shenzhen Megmeet Electrical Balance Sheet Health
Financial Health criteria checks 4/6
Shenzhen Megmeet Electrical has a total shareholder equity of CN¥4.7B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are CN¥10.6B and CN¥5.9B respectively. Shenzhen Megmeet Electrical's EBIT is CN¥374.8M making its interest coverage ratio 14.2. It has cash and short-term investments of CN¥1.8B.
Key information
47.6%
Debt to equity ratio
CN¥2.23b
Debt
| Interest coverage ratio | 14.2x |
| Cash | CN¥1.78b |
| Equity | CN¥4.69b |
| Total liabilities | CN¥5.93b |
| Total assets | CN¥10.63b |
Recent financial health updates
No updates
Recent updates
Is Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Trading At A 49% Discount?
Apr 25
Some Investors May Be Worried About Shenzhen Megmeet Electrical's (SZSE:002851) Returns On Capital
Apr 08Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Mar 04Financial Position Analysis
Short Term Liabilities: 002851's short term assets (CN¥6.6B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 002851's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002851's net debt to equity ratio (9.7%) is considered satisfactory.
Reducing Debt: 002851's debt to equity ratio has increased from 5.6% to 47.6% over the past 5 years.
Debt Coverage: 002851's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 002851's interest payments on its debt are well covered by EBIT (14.2x coverage).