Riyue Heavy Industry Balance Sheet Health
Financial Health criteria checks 5/6
Riyue Heavy Industry has a total shareholder equity of CN¥9.8B and total debt of CN¥642.8M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CN¥13.8B and CN¥4.0B respectively. Riyue Heavy Industry's EBIT is CN¥427.9M making its interest coverage ratio -59.5. It has cash and short-term investments of CN¥2.8B.
Key information
6.5%
Debt to equity ratio
CN¥642.76m
Debt
| Interest coverage ratio | -59.5x |
| Cash | CN¥2.79b |
| Equity | CN¥9.85b |
| Total liabilities | CN¥3.97b |
| Total assets | CN¥13.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603218's short term assets (CN¥7.6B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 603218's short term assets (CN¥7.6B) exceed its long term liabilities (CN¥988.7M).
Debt to Equity History and Analysis
Debt Level: 603218 has more cash than its total debt.
Reducing Debt: 603218's debt to equity ratio has increased from 0% to 6.5% over the past 5 years.
Debt Coverage: 603218's debt is well covered by operating cash flow (95.9%).
Interest Coverage: 603218 earns more interest than it pays, so coverage of interest payments is not a concern.