MCC Meili Cloud Computing Industry Investment Balance Sheet Health
Financial Health criteria checks 5/6
MCC Meili Cloud Computing Industry Investment has a total shareholder equity of CN¥1.9B and total debt of CN¥279.4M, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are CN¥2.7B and CN¥807.7M respectively. MCC Meili Cloud Computing Industry Investment's EBIT is CN¥8.0M making its interest coverage ratio 1. It has cash and short-term investments of CN¥140.6M.
Key information
14.7%
Debt to equity ratio
CN¥279.45m
Debt
| Interest coverage ratio | 1x |
| Cash | CN¥140.59m |
| Equity | CN¥1.91b |
| Total liabilities | CN¥807.71m |
| Total assets | CN¥2.71b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000815's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥605.5M).
Long Term Liabilities: 000815's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥202.2M).
Debt to Equity History and Analysis
Debt Level: 000815's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 000815's debt to equity ratio has reduced from 14.8% to 14.7% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 000815 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 000815 has less than a year of cash runway if free cash flow continues to grow at historical rates of 7% each year.