Zhejiang Meida Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Meida Industrial has a total shareholder equity of CN¥1.6B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.8B and CN¥181.6M respectively. Zhejiang Meida Industrial's EBIT is CN¥175.8M making its interest coverage ratio -6.1. It has cash and short-term investments of CN¥829.8M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -6.1x |
| Cash | CN¥829.78m |
| Equity | CN¥1.65b |
| Total liabilities | CN¥181.56m |
| Total assets | CN¥1.83b |
Recent financial health updates
No updates
Recent updates
Why Zhejiang Meida Industrial's (SZSE:002677) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 04
There's No Escaping Zhejiang Meida Industrial Co., Ltd.'s (SZSE:002677) Muted Earnings
Oct 14Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Shares Could Be 48% Below Their Intrinsic Value Estimate
Sep 26The Consensus EPS Estimates For Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Just Fell Dramatically
Sep 08Here's What's Concerning About Zhejiang Meida Industrial's (SZSE:002677) Returns On Capital
Jul 16Zhejiang Meida Industrial's (SZSE:002677) Dividend Will Be Increased To CN¥0.75
May 23Zhejiang Meida Industrial's (SZSE:002677) Profits Appear To Have Quality Issues
Apr 25Zhejiang Meida Industrial Co., Ltd. (SZSE:002677) Analysts Are More Bearish Than They Used To Be
Apr 23Capital Investment Trends At Zhejiang Meida Industrial (SZSE:002677) Look Strong
Apr 04Financial Position Analysis
Short Term Liabilities: 002677's short term assets (CN¥931.2M) exceed its short term liabilities (CN¥161.5M).
Long Term Liabilities: 002677's short term assets (CN¥931.2M) exceed its long term liabilities (CN¥20.1M).
Debt to Equity History and Analysis
Debt Level: 002677 is debt free.
Reducing Debt: 002677 has not had any debt for past 5 years.
Debt Coverage: 002677 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002677 has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 17:36 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Meida Industrial Co., Ltd. is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hongwei Huang | Chasing Securities |
| Wei He | China International Capital Corporation Limited |
| Dongfei Chen | China Merchants Securities Co. Ltd. |