Jiangsu Rongtai Industry Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Rongtai Industry has a total shareholder equity of CN¥2.8B and total debt of CN¥666.2M, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥4.4B and CN¥1.6B respectively. Jiangsu Rongtai Industry's EBIT is CN¥138.4M making its interest coverage ratio 143.5. It has cash and short-term investments of CN¥451.6M.
Key information
23.9%
Debt to equity ratio
CN¥666.18m
Debt
Interest coverage ratio | 143.5x |
Cash | CN¥451.60m |
Equity | CN¥2.78b |
Total liabilities | CN¥1.60b |
Total assets | CN¥4.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 605133's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.5B).
Long Term Liabilities: 605133's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥92.3M).
Debt to Equity History and Analysis
Debt Level: 605133's net debt to equity ratio (7.7%) is considered satisfactory.
Reducing Debt: 605133's debt to equity ratio has reduced from 77.3% to 23.9% over the past 5 years.
Debt Coverage: 605133's debt is well covered by operating cash flow (23.7%).
Interest Coverage: 605133's interest payments on its debt are well covered by EBIT (143.5x coverage).