Shandong Meichen Ecology & EnvironmentLtd Balance Sheet Health
Financial Health criteria checks 3/6
Shandong Meichen Ecology & EnvironmentLtd has a total shareholder equity of CN¥398.5M and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 1057.5%. Its total assets and total liabilities are CN¥8.0B and CN¥7.6B respectively.
Key information
1,057.5%
Debt to equity ratio
CN¥4.21b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥232.70m |
| Equity | CN¥398.49m |
| Total liabilities | CN¥7.57b |
| Total assets | CN¥7.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300237's short term assets (CN¥6.1B) do not cover its short term liabilities (CN¥6.5B).
Long Term Liabilities: 300237's short term assets (CN¥6.1B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300237's net debt to equity ratio (999.1%) is considered high.
Reducing Debt: 300237's debt to equity ratio has increased from 63.4% to 1057.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 300237 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 300237 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.5% per year.