Shandong Meichen Science & TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Shandong Meichen Science & TechnologyLtd has a total shareholder equity of CN¥282.0M and total debt of CN¥4.1B, which brings its debt-to-equity ratio to 1440.4%. Its total assets and total liabilities are CN¥8.0B and CN¥7.7B respectively.
Key information
1,440.4%
Debt to equity ratio
CN¥4.06b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥80.52m |
| Equity | CN¥282.01m |
| Total liabilities | CN¥7.75b |
| Total assets | CN¥8.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300237's short term assets (CN¥6.6B) do not cover its short term liabilities (CN¥6.6B).
Long Term Liabilities: 300237's short term assets (CN¥6.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 300237's net debt to equity ratio (1411.9%) is considered high.
Reducing Debt: 300237's debt to equity ratio has increased from 63.8% to 1440.4% 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: 300237 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 300237 has less than a year of cash runway if free cash flow continues to grow at historical rates of 28% each year.