Riyue Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Riyue Heavy IndustryLtd has a total shareholder equity of CN¥10.1B and total debt of CN¥27.5M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥12.7B and CN¥2.6B respectively. Riyue Heavy IndustryLtd's EBIT is CN¥219.8M making its interest coverage ratio -0.6. It has cash and short-term investments of CN¥3.3B.
Key information
0.3%
Debt to equity ratio
CN¥27.50m
Debt
| Interest coverage ratio | -0.6x |
| Cash | CN¥3.27b |
| Equity | CN¥10.09b |
| Total liabilities | CN¥2.57b |
| Total assets | CN¥12.67b |
Recent financial health updates
No updates
Recent updates
Riyue Heavy IndustryLtd's (SHSE:603218) Profits May Be Overstating Its True Earnings Potential
Nov 06
Riyue Heavy Industry Co.,Ltd's (SHSE:603218) Share Price Is Matching Sentiment Around Its Earnings
Sep 30Sentiment Still Eluding Riyue Heavy Industry Co.,Ltd (SHSE:603218)
Jun 24Riyue Heavy Industry Co.,Ltd's (SHSE:603218) Intrinsic Value Is Potentially 20% Below Its Share Price
Jun 08Riyue Heavy IndustryLtd's (SHSE:603218) Solid Earnings May Rest On Weak Foundations
May 06Riyue Heavy Industry Co., Ltd. (SHSE:603218) Soars 26% But It's A Story Of Risk Vs Reward
Mar 07The Returns On Capital At Riyue Heavy Industry (SHSE:603218) Don't Inspire Confidence
Mar 01Financial Position Analysis
Short Term Liabilities: 603218's short term assets (CN¥7.3B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603218's short term assets (CN¥7.3B) exceed its long term liabilities (CN¥530.4M).
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 0.3% over the past 5 years.
Debt Coverage: 603218's debt is well covered by operating cash flow (2135.3%).
Interest Coverage: 603218 earns more interest than it pays, so coverage of interest payments is not a concern.