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¥172.8M, which brings its debt-to-equity ratio to 16.8%. Its total assets and total liabilities are CN¥1.6B and CN¥599.8M respectively. Meisheng Cultural & Creative Corp's EBIT is CN¥16.1M making its interest coverage ratio -1.3. It has cash and short-term investments of CN¥263.7M.
Key information
16.8%
Debt to equity ratio
CN¥172.77m
Debt
| Interest coverage ratio | -1.3x |
| Cash | CN¥263.75m |
| Equity | CN¥1.03b |
| Total liabilities | CN¥599.81m |
| Total assets | CN¥1.63b |
Recent financial health updates
No updates
Recent updates
Why Investors Shouldn't Be Surprised By Meisheng Cultural & Creative Corp, Ltd.'s (SZSE:002699) 36% Share Price Plunge
May 13
Investors Don't See Light At End Of Meisheng Cultural & Creative Corp, Ltd.'s (SZSE:002699) Tunnel And Push Stock Down 26%
Mar 28Here's What To Make Of Meisheng Cultural & Creative Corp's (SZSE:002699) Decelerating Rates Of Return
Feb 27Financial 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 16.8% 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, even with free cash flow being positive and shrinking by 0.3% per year.