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¥3.1B, which brings its debt-to-equity ratio to 177.9%. Its total assets and total liabilities are CN¥5.9B and CN¥4.2B respectively.
Key information
177.9%
Debt to equity ratio
CN¥3.06b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.01b |
| Equity | CN¥1.72b |
| Total liabilities | CN¥4.21b |
| Total assets | CN¥5.93b |
Financial Position Analysis
Short Term Liabilities: 002726's short term assets (CN¥2.6B) do not cover its short term liabilities (CN¥2.8B).
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 (119%) is considered high.
Reducing Debt: 002726's debt to equity ratio has increased from 60.9% to 177.9% 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.