Meisheng Cultural & Creative Corp Balance Sheet Health
Financial Health criteria checks 5/6
Meisheng Cultural & Creative Corp has a total shareholder equity of CN¥1.0B and total debt of CN¥193.8M, which brings its debt-to-equity ratio to 18.8%. Its total assets and total liabilities are CN¥1.6B and CN¥599.8M respectively. Meisheng Cultural & Creative Corp's EBIT is CN¥52.8M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥263.7M.
Key information
18.8%
Debt to equity ratio
CN¥193.82m
Debt
| Interest coverage ratio | -2.4x |
| Cash | CN¥263.75m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥599.81m |
| Total assets | CN¥1.63b |
Financial Position Analysis
Short Term Liabilities: 002699's short term assets (CN¥654.3M) exceed its short term liabilities (CN¥367.7M).
Long Term Liabilities: 002699's short term assets (CN¥654.3M) exceed its long term liabilities (CN¥232.1M).
Debt to Equity History and Analysis
Debt Level: 002699 has more cash than its total debt.
Reducing Debt: 002699's debt to equity ratio has increased from 14.2% to 18.8% 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 002699 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002699 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 1.8% per year.