Jiangsu Rainbow Heavy Industries Balance Sheet Health
Financial Health criteria checks 5/6
Jiangsu Rainbow Heavy Industries has a total shareholder equity of CN¥4.3B and total debt of CN¥959.0M, which brings its debt-to-equity ratio to 22.5%. Its total assets and total liabilities are CN¥10.7B and CN¥6.4B respectively. Jiangsu Rainbow Heavy Industries's EBIT is CN¥755.6M making its interest coverage ratio 26.7. It has cash and short-term investments of CN¥3.5B.
Key information
22.5%
Debt to equity ratio
CN¥959.03m
Debt
Interest coverage ratio | 26.7x |
Cash | CN¥3.52b |
Equity | CN¥4.27b |
Total liabilities | CN¥6.44b |
Total assets | CN¥10.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002483's short term assets (CN¥7.5B) exceed its short term liabilities (CN¥5.9B).
Long Term Liabilities: 002483's short term assets (CN¥7.5B) exceed its long term liabilities (CN¥563.9M).
Debt to Equity History and Analysis
Debt Level: 002483 has more cash than its total debt.
Reducing Debt: 002483's debt to equity ratio has increased from 12.4% to 22.5% over the past 5 years.
Debt Coverage: 002483's debt is well covered by operating cash flow (101.6%).
Interest Coverage: 002483's interest payments on its debt are well covered by EBIT (26.7x coverage).