Runner (Xiamen) Balance Sheet Health
Financial Health criteria checks 6/6
Runner (Xiamen) has a total shareholder equity of CN¥3.2B and total debt of CN¥190.7M, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are CN¥4.6B and CN¥1.4B respectively. Runner (Xiamen)'s EBIT is CN¥512.3M making its interest coverage ratio -25.3. It has cash and short-term investments of CN¥1.2B.
Key information
6.0%
Debt to equity ratio
CN¥190.69m
Debt
Interest coverage ratio | -25.3x |
Cash | CN¥1.24b |
Equity | CN¥3.19b |
Total liabilities | CN¥1.43b |
Total assets | CN¥4.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603408's short term assets (CN¥3.0B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 603408's short term assets (CN¥3.0B) exceed its long term liabilities (CN¥80.5M).
Debt to Equity History and Analysis
Debt Level: 603408 has more cash than its total debt.
Reducing Debt: 603408's debt to equity ratio has reduced from 18.1% to 6% over the past 5 years.
Debt Coverage: 603408's debt is well covered by operating cash flow (354.5%).
Interest Coverage: 603408 earns more interest than it pays, so coverage of interest payments is not a concern.