RongFa Nuclear Equipment Balance Sheet Health
Financial Health criteria checks 4/6
RongFa Nuclear Equipment has a total shareholder equity of CN¥5.2B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are CN¥8.2B and CN¥3.1B respectively.
Key information
33.3%
Debt to equity ratio
CN¥1.72b
Debt
Interest coverage ratio | n/a |
Cash | CN¥1.72b |
Equity | CN¥5.17b |
Total liabilities | CN¥3.05b |
Total assets | CN¥8.23b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002366's short term assets (CN¥4.2B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002366's short term assets (CN¥4.2B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 002366's net debt to equity ratio (0.01%) is considered satisfactory.
Reducing Debt: 002366's debt to equity ratio has reduced from 89.7% to 33.3% over the past 5 years.
Debt Coverage: 002366's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 002366's interest payments on its debt are well covered by EBIT.