MEGA P&C Advanced Materials (Shanghai) Balance Sheet Health
Financial Health criteria checks 5/6
MEGA P&C Advanced Materials (Shanghai) has a total shareholder equity of CN¥2.0B and total debt of CN¥14.7M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥2.7B and CN¥721.8M respectively. MEGA P&C Advanced Materials (Shanghai)'s EBIT is CN¥96.8M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥1.2B.
Key information
0.7%
Debt to equity ratio
CN¥14.70m
Debt
| Interest coverage ratio | -7.8x |
| Cash | CN¥1.17b |
| Equity | CN¥2.02b |
| Total liabilities | CN¥721.76m |
| Total assets | CN¥2.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603062's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥719.8M).
Long Term Liabilities: 603062's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥2.0M).
Debt to Equity History and Analysis
Debt Level: 603062 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 603062's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 603062's debt is well covered by operating cash flow (71.6%).
Interest Coverage: 603062 earns more interest than it pays, so coverage of interest payments is not a concern.