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 ratio | 16.6x |
| Cash | CN¥1.58b |
| Equity | CN¥4.89b |
| Total liabilities | CN¥6.67b |
| Total assets | CN¥11.55b |
Recent financial health updates
No updates
Recent updates
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).