Shandong Longda Meishi Balance Sheet Health
Financial Health criteria checks 1/6
Shandong Longda Meishi has a total shareholder equity of CN¥1.7B and total debt of CN¥3.0B, which brings its debt-to-equity ratio to 180.5%. Its total assets and total liabilities are CN¥6.0B and CN¥4.3B respectively.
Key information
180.5%
Debt to equity ratio
CN¥3.04b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.09b |
Equity | CN¥1.69b |
Total liabilities | CN¥4.31b |
Total assets | CN¥5.99b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002726's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002726's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.4B).
Debt to Equity History and Analysis
Debt Level: 002726's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: 002726's debt to equity ratio has increased from 17.6% to 180.5% over the past 5 years.
Debt Coverage: 002726's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002726's interest payments on its debt are well covered by EBIT.