Shenzhen Riland Industry Group Balance Sheet Health
Financial Health criteria checks 5/6
Shenzhen Riland Industry Group has a total shareholder equity of CN¥1.8B and total debt of CN¥320.5M, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are CN¥2.5B and CN¥700.4M respectively. Shenzhen Riland Industry Group's EBIT is CN¥84.0M making its interest coverage ratio -3. It has cash and short-term investments of CN¥1.3B.
Key information
18.0%
Debt to equity ratio
CN¥320.55m
Debt
Interest coverage ratio | -3x |
Cash | CN¥1.25b |
Equity | CN¥1.78b |
Total liabilities | CN¥700.40m |
Total assets | CN¥2.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300154's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥378.4M).
Long Term Liabilities: 300154's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥322.0M).
Debt to Equity History and Analysis
Debt Level: 300154 has more cash than its total debt.
Reducing Debt: 300154's debt to equity ratio has increased from 0% to 18% over the past 5 years.
Debt Coverage: 300154's debt is well covered by operating cash flow (36.2%).
Interest Coverage: 300154 earns more interest than it pays, so coverage of interest payments is not a concern.