Jiangsu Rongtai Industry Balance Sheet Health
Financial Health criteria checks 6/6
Jiangsu Rongtai Industry has a total shareholder equity of CN¥2.7B and total debt of CN¥855.4M, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are CN¥4.5B and CN¥1.8B respectively. Jiangsu Rongtai Industry's EBIT is CN¥183.5M making its interest coverage ratio 20.2. It has cash and short-term investments of CN¥348.2M.
Key information
32.0%
Debt to equity ratio
CN¥855.44m
Debt
| Interest coverage ratio | 20.2x |
| Cash | CN¥348.19m |
| Equity | CN¥2.68b |
| Total liabilities | CN¥1.79b |
| Total assets | CN¥4.46b |
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¥1.7B).
Long Term Liabilities: 605133's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥85.0M).
Debt to Equity History and Analysis
Debt Level: 605133's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 605133's debt to equity ratio has reduced from 69.6% to 32% over the past 5 years.
Debt Coverage: 605133's debt is well covered by operating cash flow (28%).
Interest Coverage: 605133's interest payments on its debt are well covered by EBIT (20.2x coverage).