Merit InteractiveLtd Balance Sheet Health
Financial Health criteria checks 3/6
Merit InteractiveLtd has a total shareholder equity of CN¥1.6B and total debt of CN¥2.0M, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CN¥1.8B and CN¥176.3M respectively.
Key information
0.1%
Debt to equity ratio
CN¥2.03m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥454.29m |
| Equity | CN¥1.63b |
| Total liabilities | CN¥176.25m |
| Total assets | CN¥1.80b |
Recent financial health updates
Recent updates
Merit Interactive Co.,Ltd.'s (SZSE:300766) Shares Climb 47% But Its Business Is Yet to Catch Up
Oct 20
More Unpleasant Surprises Could Be In Store For Merit Interactive Co.,Ltd.'s (SZSE:300766) Shares After Tumbling 27%
Apr 16Merit Interactive Co.,Ltd. (SZSE:300766) Stock Rockets 34% As Investors Are Less Pessimistic Than Expected
Mar 01Merit InteractiveLtd (SZSE:300766) Has Debt But No Earnings; Should You Worry?
Feb 29Financial Position Analysis
Short Term Liabilities: 300766's short term assets (CN¥677.8M) exceed its short term liabilities (CN¥166.3M).
Long Term Liabilities: 300766's short term assets (CN¥677.8M) exceed its long term liabilities (CN¥9.9M).
Debt to Equity History and Analysis
Debt Level: 300766 has more cash than its total debt.
Reducing Debt: 300766's debt to equity ratio has increased from 0% to 0.1% over the past 5 years.
Debt Coverage: 300766's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 300766's interest payments on its debt are well covered by EBIT.