Zhejiang Meida Industrial Balance Sheet Health
Financial Health criteria checks 6/6
Zhejiang Meida Industrial has a total shareholder equity of CN¥2.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.3B and CN¥228.5M respectively. Zhejiang Meida Industrial's EBIT is CN¥450.1M making its interest coverage ratio -14.9. It has cash and short-term investments of CN¥1.3B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -14.9x |
Cash | CN¥1.31b |
Equity | CN¥2.11b |
Total liabilities | CN¥228.48m |
Total assets | CN¥2.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002677's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥206.4M).
Long Term Liabilities: 002677's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥22.0M).
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.