Runjian Balance Sheet Health
Financial Health criteria checks 4/6
Runjian has a total shareholder equity of CN¥5.9B and total debt of CN¥3.1B, which brings its debt-to-equity ratio to 52.8%. Its total assets and total liabilities are CN¥14.5B and CN¥8.6B respectively. Runjian's EBIT is CN¥554.7M making its interest coverage ratio 32.5. It has cash and short-term investments of CN¥1.3B.
Key information
52.8%
Debt to equity ratio
CN¥3.09b
Debt
Interest coverage ratio | 32.5x |
Cash | CN¥1.34b |
Equity | CN¥5.85b |
Total liabilities | CN¥8.60b |
Total assets | CN¥14.45b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002929's short term assets (CN¥11.3B) exceed its short term liabilities (CN¥8.5B).
Long Term Liabilities: 002929's short term assets (CN¥11.3B) exceed its long term liabilities (CN¥79.9M).
Debt to Equity History and Analysis
Debt Level: 002929's net debt to equity ratio (29.9%) is considered satisfactory.
Reducing Debt: 002929's debt to equity ratio has increased from 12.9% to 52.8% over the past 5 years.
Debt Coverage: 002929's debt is not well covered by operating cash flow (3.9%).
Interest Coverage: 002929's interest payments on its debt are well covered by EBIT (32.5x coverage).