Shenzhen Megmeet Electrical Co., LTD

SZSE:002851 Stock Report

Market Cap: CN¥30.0b

Shenzhen Megmeet Electrical Balance Sheet Health

Financial Health criteria checks 4/6

Shenzhen Megmeet Electrical has a total shareholder equity of CN¥4.9B and total debt of CN¥2.4B, which brings its debt-to-equity ratio to 48.5%. Its total assets and total liabilities are CN¥11.6B and CN¥6.7B respectively. Shenzhen Megmeet Electrical's EBIT is CN¥443.1M making its interest coverage ratio 16.6. It has cash and short-term investments of CN¥1.6B.

Key information

48.5%

Debt to equity ratio

CN¥2.37b

Debt

Interest coverage ratio16.6x
CashCN¥1.58b
EquityCN¥4.89b
Total liabilitiesCN¥6.67b
Total assetsCN¥11.55b

Recent financial health updates

Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?

Dec 19
Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?

Is Shenzhen Megmeet Electrical (SZSE:002851) A Risky Investment?

Jun 05
Is Shenzhen Megmeet Electrical (SZSE:002851) A Risky Investment?

Recent updates

Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?

Dec 19
Does Shenzhen Megmeet Electrical (SZSE:002851) Have A Healthy Balance Sheet?

Shenzhen Megmeet Electrical Co., LTD's (SZSE:002851) 30% Share Price Surge Not Quite Adding Up

Nov 19
Shenzhen Megmeet Electrical Co., LTD's (SZSE:002851) 30% Share Price Surge Not Quite Adding Up

Shenzhen Megmeet Electrical's (SZSE:002851) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 06
Shenzhen Megmeet Electrical's (SZSE:002851) Shareholders Have More To Worry About Than Only Soft Earnings

Not Many Are Piling Into Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Just Yet

Sep 18
Not Many Are Piling Into Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Just Yet

Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Shares Could Be 42% Below Their Intrinsic Value Estimate

Aug 30
Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Shares Could Be 42% Below Their Intrinsic Value Estimate

Is Shenzhen Megmeet Electrical (SZSE:002851) A Risky Investment?

Jun 05
Is Shenzhen Megmeet Electrical (SZSE:002851) A Risky Investment?

The Market Lifts Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Shares 27% But It Can Do More

May 21
The Market Lifts Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Shares 27% But It Can Do More

Shenzhen Megmeet Electrical's (SZSE:002851) Profits May Be Overstating Its True Earnings Potential

May 06
Shenzhen Megmeet Electrical's (SZSE:002851) Profits May Be Overstating Its True Earnings Potential

Is Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Trading At A 49% Discount?

Apr 25
Is Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Trading At A 49% Discount?

Some Investors May Be Worried About Shenzhen Megmeet Electrical's (SZSE:002851) Returns On Capital

Apr 08
Some Investors May Be Worried About Shenzhen Megmeet Electrical's (SZSE:002851) Returns On Capital

Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Mar 04
Shenzhen Megmeet Electrical Co., LTD (SZSE:002851) Surges 27% Yet Its Low P/E Is No Reason For Excitement

Financial Position Analysis

Short Term Liabilities: 002851's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥5.2B).

Long Term Liabilities: 002851's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥1.5B).

Debt to Equity History and Analysis

Debt Level: 002851's net debt to equity ratio (16.1%) is considered satisfactory.

Reducing Debt: 002851's debt to equity ratio has increased from 4% to 48.5% over the past 5 years.

Debt Coverage: 002851's debt is not well covered by operating cash flow (11.8%).

Interest Coverage: 002851's interest payments on its debt are well covered by EBIT (16.6x coverage).

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/25 05:31
End of Day Share Price 2024/12/25 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Shenzhen Megmeet Electrical Co., LTD is covered by 12 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Bo Hua WuChangjiang Securities Co. LTD.
Peng JiangChina International Capital Corporation Limited
Jia Xun YouChina Merchants Securities Co. Ltd.