Runner (Xiamen) Balance Sheet Health
Financial Health criteria checks 6/6
Runner (Xiamen) has a total shareholder equity of CN¥3.3B and total debt of CN¥183.5M, which brings its debt-to-equity ratio to 5.6%. Its total assets and total liabilities are CN¥4.9B and CN¥1.6B respectively. Runner (Xiamen)'s EBIT is CN¥552.3M making its interest coverage ratio -15.5. It has cash and short-term investments of CN¥1.0B.
Key information
5.6%
Debt to equity ratio
CN¥183.55m
Debt
| Interest coverage ratio | -15.5x |
| Cash | CN¥1.04b |
| Equity | CN¥3.30b |
| Total liabilities | CN¥1.56b |
| Total assets | CN¥4.86b |
Recent financial health updates
We Think Runner (Xiamen) (SHSE:603408) Can Manage Its Debt With Ease
Sep 28
Does Runner (Xiamen) (SHSE:603408) Have A Healthy Balance Sheet?
May 22Recent updates
We Think Runner (Xiamen) (SHSE:603408) Can Manage Its Debt With Ease
Sep 28Runner (Xiamen) (SHSE:603408) Strong Profits May Be Masking Some Underlying Issues
Sep 01Returns On Capital Signal Tricky Times Ahead For Runner (Xiamen) (SHSE:603408)
Jul 19Does Runner (Xiamen) (SHSE:603408) Have A Healthy Balance Sheet?
May 22Runner (Xiamen) Corp. (SHSE:603408) Surges 27% Yet Its Low P/E Is No Reason For Excitement
Apr 01Improved Earnings Required Before Runner (Xiamen) Corp. (SHSE:603408) Stock's 27% Jump Looks Justified
Apr 01Financial Position Analysis
Short Term Liabilities: 603408's short term assets (CN¥3.1B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 603408's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥122.4M).
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 13.5% to 5.6% over the past 5 years.
Debt Coverage: 603408's debt is well covered by operating cash flow (398.5%).
Interest Coverage: 603408 earns more interest than it pays, so coverage of interest payments is not a concern.