Zhejiang Meishuo Electric Technology Co.,Ltd

SZSE:301295 Stock Report

Market Cap: CN¥2.3b

Zhejiang Meishuo Electric TechnologyLtd Balance Sheet Health

Financial Health criteria checks 5/6

Zhejiang Meishuo Electric TechnologyLtd has a total shareholder equity of CN¥957.4M and total debt of CN¥746.7K, which brings its debt-to-equity ratio to 0.08%. Its total assets and total liabilities are CN¥1.2B and CN¥211.9M respectively. Zhejiang Meishuo Electric TechnologyLtd's EBIT is CN¥16.3M making its interest coverage ratio -0.9. It has cash and short-term investments of CN¥564.5M.

Key information

0.08%

Debt to equity ratio

CN¥746.67k

Debt

Interest coverage ratio-0.9x
CashCN¥564.49m
EquityCN¥957.41m
Total liabilitiesCN¥211.93m
Total assetsCN¥1.17b

Recent financial health updates

No updates

Recent updates

Zhejiang Meishuo Electric TechnologyLtd's (SZSE:301295) Shareholders Have More To Worry About Than Only Soft Earnings

Nov 04
Zhejiang Meishuo Electric TechnologyLtd's (SZSE:301295) Shareholders Have More To Worry About Than Only Soft Earnings

Optimistic Investors Push Zhejiang Meishuo Electric Technology Co.,Ltd (SZSE:301295) Shares Up 29% But Growth Is Lacking

Nov 01
Optimistic Investors Push Zhejiang Meishuo Electric Technology Co.,Ltd (SZSE:301295) Shares Up 29% But Growth Is Lacking

Zhejiang Meishuo Electric TechnologyLtd (SZSE:301295) Will Be Hoping To Turn Its Returns On Capital Around

Jul 29
Zhejiang Meishuo Electric TechnologyLtd (SZSE:301295) Will Be Hoping To Turn Its Returns On Capital Around

Estimating The Intrinsic Value Of Zhejiang Meishuo Electric Technology Co.,Ltd (SZSE:301295)

May 30
Estimating The Intrinsic Value Of Zhejiang Meishuo Electric Technology Co.,Ltd (SZSE:301295)

Financial Position Analysis

Short Term Liabilities: 301295's short term assets (CN¥945.5M) exceed its short term liabilities (CN¥195.1M).

Long Term Liabilities: 301295's short term assets (CN¥945.5M) exceed its long term liabilities (CN¥16.8M).


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 26.9% to 0.08% over the past 5 years.

Debt Coverage: 301295's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 301295 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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