Riyue Heavy IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Riyue Heavy IndustryLtd has a total shareholder equity of CN¥10.3B and total debt of CN¥74.7M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are CN¥12.8B and CN¥2.5B respectively. Riyue Heavy IndustryLtd's EBIT is CN¥186.2M making its interest coverage ratio -0.5. It has cash and short-term investments of CN¥3.7B.
Key information
0.7%
Debt to equity ratio
CN¥74.70m
Debt
| Interest coverage ratio | -0.5x |
| Cash | CN¥3.70b |
| Equity | CN¥10.29b |
| Total liabilities | CN¥2.54b |
| Total assets | CN¥12.83b |
Recent financial health updates
No updates
Recent updates
Riyue Heavy Industry Co.,Ltd's (SHSE:603218) Share Price Is Matching Sentiment Around Its Earnings
Sep 30
Sentiment 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¥7.5B) exceed its short term liabilities (CN¥2.0B).
Long Term Liabilities: 603218's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥491.2M).
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 reduced from 1.3% to 0.7% over the past 5 years.
Debt Coverage: 603218's debt is well covered by operating cash flow (1328.6%).
Interest Coverage: 603218 earns more interest than it pays, so coverage of interest payments is not a concern.