Shenzhen Megmeet Electrical Co., LTD

Shenzhen Stock Exchange 002851.SZ

Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio for the year ending December 31, 2023: 17.25

Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio is 17.25 for the year ending December 31, 2023, a 4.06% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio for the year ending December 31, 2022 was 16.57, a -41.95% change year over year.
  • Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio for the year ending December 31, 2021 was 28.55, a 76.22% change year over year.
  • Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio for the year ending December 31, 2020 was 16.20, a -59.22% change year over year.
  • Shenzhen Megmeet Electrical Co., LTD Interest Coverage Ratio for the year ending December 31, 2019 was 39.74, a -82.45% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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Shenzhen Stock Exchange: 002851.SZ

Shenzhen Megmeet Electrical Co., LTD

CEO Mr. Yongsheng Tong
IPO Date March 7, 2017
Location China
Headquarters United Headquarters Building
Employees 6,543
Sector Technology
Industries
Description

Shenzhen Megmeet Electrical Co., LTD engages in the research and development, production, sales, and services of hardware, software, and system solutions for electrical automation in China. The company offers industrial power supply products, including 5G communication and medical power supply; and industrial automation process for use in machinery manufacturing, electric power, construction, and transportation fields. It also provides smart home appliances consisting of display power supply, smart sanitary ware, flat panel and commercial display, and inverter household appliances; new energy vehicles and charging piles; and rail transit products. The company's products are used in commercial displays, frequency conversion household appliances, smart bathrooms, medical treatment, communications, smart equipment, new energy vehicles, rail transit, smart oil production, and various other consumer and industrial industries. It also operates in the United States, Sweden, Germany, India, and Thailand, and internationally. Shenzhen Megmeet Electrical Co., LTD is based in Shenzhen, China.

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StockViz Staff

January 16, 2025

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