Zhejiang Meishuo Electric TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Meishuo Electric TechnologyLtd has a total shareholder equity of CN¥975.3M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 3.1%. Its total assets and total liabilities are CN¥1.2B and CN¥251.4M respectively. Zhejiang Meishuo Electric TechnologyLtd's EBIT is CN¥25.4M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥662.4M.
Key information
3.1%
Debt to equity ratio
CN¥30.03m
Debt
Interest coverage ratio | -1.6x |
Cash | CN¥662.44m |
Equity | CN¥975.28m |
Total liabilities | CN¥251.44m |
Total assets | CN¥1.23b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301295's short term assets (CN¥998.9M) exceed its short term liabilities (CN¥232.7M).
Long Term Liabilities: 301295's short term assets (CN¥998.9M) exceed its long term liabilities (CN¥18.8M).
Debt to Equity History and Analysis
Debt Level: 301295 has more cash than its total debt.
Reducing Debt: 301295's debt to equity ratio has reduced from 54.5% to 3.1% over the past 5 years.
Debt Coverage: 301295's debt is well covered by operating cash flow (142.3%).
Interest Coverage: 301295 earns more interest than it pays, so coverage of interest payments is not a concern.