Runjian Balance Sheet Health
Financial Health criteria checks 3/6
Runjian has a total shareholder equity of CN¥6.2B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 67.9%. Its total assets and total liabilities are CN¥16.5B and CN¥10.3B respectively. Runjian's EBIT is CN¥333.9M making its interest coverage ratio 15.8. It has cash and short-term investments of CN¥1.1B.
Key information
67.9%
Debt to equity ratio
CN¥4.25b
Debt
| Interest coverage ratio | 15.8x |
| Cash | CN¥1.06b |
| Equity | CN¥6.25b |
| Total liabilities | CN¥10.30b |
| Total assets | CN¥16.55b |
Recent financial health updates
These 4 Measures Indicate That Runjian (SZSE:002929) Is Using Debt Extensively
Jul 15
Here's Why Runjian (SZSE:002929) Can Manage Its Debt Responsibly
Mar 20Recent updates
Runjian Co., Ltd. (SZSE:002929) Might Not Be As Mispriced As It Looks
Sep 25Runjian Co., Ltd. (SZSE:002929) Analysts Just Slashed This Year's Estimates
Sep 03These 4 Measures Indicate That Runjian (SZSE:002929) Is Using Debt Extensively
Jul 15Here's What To Make Of Runjian's (SZSE:002929) Decelerating Rates Of Return
Jun 10Why Runjian's (SZSE:002929) Shaky Earnings Are Just The Beginning Of Its Problems
May 06Little Excitement Around Runjian Co., Ltd.'s (SZSE:002929) Earnings As Shares Take 27% Pounding
Apr 22Here's Why Runjian (SZSE:002929) Can Manage Its Debt Responsibly
Mar 20Runjian Co., Ltd.'s (SZSE:002929) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Mar 01Financial Position Analysis
Short Term Liabilities: 002929's short term assets (CN¥12.5B) exceed its short term liabilities (CN¥9.9B).
Long Term Liabilities: 002929's short term assets (CN¥12.5B) exceed its long term liabilities (CN¥417.2M).
Debt to Equity History and Analysis
Debt Level: 002929's net debt to equity ratio (51%) is considered high.
Reducing Debt: 002929's debt to equity ratio has increased from 5.9% to 67.9% over the past 5 years.
Debt Coverage: 002929's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002929's interest payments on its debt are well covered by EBIT (15.8x coverage).