Jiangsu Rainbow Heavy Industries Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Rainbow Heavy Industries has a total shareholder equity of CN¥4.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥10.4B and CN¥5.9B respectively. Jiangsu Rainbow Heavy Industries's EBIT is CN¥780.8M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥3.4B.
Key information
23.9%
Debt to equity ratio
CN¥1.09b
Debt
| Interest coverage ratio | -18.9x |
| Cash | CN¥3.44b |
| Equity | CN¥4.55b |
| Total liabilities | CN¥5.89b |
| Total assets | CN¥10.44b |
Recent financial health updates
Recent updates
Jiangsu Rainbow Heavy Industries' (SZSE:002483) Soft Earnings Don't Show The Whole Picture
Nov 06
Jiangsu Rainbow Heavy Industries (SZSE:002483) Has A Rock Solid Balance Sheet
Sep 30What You Can Learn From Jiangsu Rainbow Heavy Industries Co., Ltd.'s (SZSE:002483) P/E
Jun 09Jiangsu Rainbow Heavy Industries' (SZSE:002483) Earnings Seem To Be Promising
Apr 08Financial Position Analysis
Short Term Liabilities: 002483's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 002483's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥533.7M).
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 8.7% to 23.9% over the past 5 years.
Debt Coverage: 002483's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002483 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 14:53 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Jiangsu Rainbow Heavy Industries Co., Ltd. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Guang Bo Wan | Changjiang Securities Co. LTD. |
| Jie Wu | Haitong International Research Limited |
| Kang Shi | Industrial Securities Co. Ltd. |