MeiG Smart Technology Balance Sheet Health
Financial Health criteria checks 6/6
MeiG Smart Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥1.9B and CN¥807.9M respectively. MeiG Smart Technology's EBIT is CN¥70.5M making its interest coverage ratio 17.1. It has cash and short-term investments of CN¥68.3M.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | 17.1x |
| Cash | CN¥68.31m |
| Equity | CN¥1.10b |
| Total liabilities | CN¥807.89m |
| Total assets | CN¥1.91b |
Recent financial health updates
Recent updates
Analysts Just Shaved Their MeiG Smart Technology Co., Ltd (SZSE:002881) Forecasts Dramatically
May 03
MeiG 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¥1.6B) exceed its short term liabilities (CN¥798.9M).
Long Term Liabilities: 002881's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥9.0M).
Debt to Equity History and Analysis
Debt Level: 002881 is debt free.
Reducing Debt: 002881 has no debt compared to 5 years ago when its debt to equity ratio was 13.1%.
Debt Coverage: 002881 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 002881 has no debt, therefore coverage of interest payments is not a concern.