MeiG Smart Technology Balance Sheet Health
Financial Health criteria checks 4/6
MeiG Smart Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥130.0M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are CN¥2.3B and CN¥808.7M respectively. MeiG Smart Technology's EBIT is CN¥114.9M making its interest coverage ratio 109.4. It has cash and short-term investments of CN¥245.6M.
Key information
8.5%
Debt to equity ratio
CN¥130.02m
Debt
| Interest coverage ratio | 109.4x |
| Cash | CN¥245.61m |
| Equity | CN¥1.53b |
| Total liabilities | CN¥808.71m |
| Total assets | CN¥2.33b |
Recent financial health updates
MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt
Sep 03
Is MeiG Smart Technology (SZSE:002881) A Risky Investment?
Mar 25Recent updates
We Think You Should Be Aware Of Some Concerning Factors In MeiG Smart Technology's (SZSE:002881) Earnings
Nov 07MeiG Smart Technology (SZSE:002881) Takes On Some Risk With Its Use Of Debt
Sep 03MeiG Smart Technology Co., Ltd's (SZSE:002881) Low P/S No Reason For Excitement
Aug 16Returns On Capital At MeiG Smart Technology (SZSE:002881) Paint A Concerning Picture
Jun 10MeiG Smart Technology (SZSE:002881) Has Affirmed Its Dividend Of CN¥0.10
May 23Analysts Just Shaved Their MeiG Smart Technology Co., Ltd (SZSE:002881) Forecasts Dramatically
May 03MeiG Smart Technology Co., Ltd (SZSE:002881) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
Apr 17Is MeiG Smart Technology (SZSE:002881) A Risky Investment?
Mar 25MeiG Smart Technology Co., Ltd (SZSE:002881) Not Flying Under The Radar
Feb 28Financial Position Analysis
Short Term Liabilities: 002881's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥783.3M).
Long Term Liabilities: 002881's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥25.4M).
Debt to Equity History and Analysis
Debt Level: 002881 has more cash than its total debt.
Reducing Debt: 002881's debt to equity ratio has increased from 4.6% to 8.5% over the past 5 years.
Debt Coverage: 002881's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002881's interest payments on its debt are well covered by EBIT (109.4x coverage).