MEGA P&C Advanced Materials (Shanghai) Balance Sheet Health
Financial Health criteria checks 4/6
MEGA P&C Advanced Materials (Shanghai) has a total shareholder equity of CN¥2.0B and total debt of CN¥20.2M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥2.9B and CN¥931.1M respectively. MEGA P&C Advanced Materials (Shanghai)'s EBIT is CN¥120.7M making its interest coverage ratio -8. It has cash and short-term investments of CN¥1.0B.
Key information
1.0%
Debt to equity ratio
CN¥20.20m
Debt
| Interest coverage ratio | -8x |
| Cash | CN¥1.00b |
| Equity | CN¥2.00b |
| Total liabilities | CN¥931.14m |
| Total assets | CN¥2.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603062's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥929.5M).
Long Term Liabilities: 603062's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.6M).
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 operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 603062 earns more interest than it pays, so coverage of interest payments is not a concern.