Jiangsu Ruitai New Energy Materials Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Ruitai New Energy Materials has a total shareholder equity of CN¥7.5B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 21.6%. Its total assets and total liabilities are CN¥10.6B and CN¥3.1B respectively. Jiangsu Ruitai New Energy Materials's EBIT is CN¥357.9M making its interest coverage ratio -3.3. It has cash and short-term investments of CN¥5.7B.
Key information
21.6%
Debt to equity ratio
CN¥1.62b
Debt
| Interest coverage ratio | -3.3x |
| Cash | CN¥5.69b |
| Equity | CN¥7.54b |
| Total liabilities | CN¥3.10b |
| Total assets | CN¥10.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301238's short term assets (CN¥7.9B) exceed its short term liabilities (CN¥2.3B).
Long Term Liabilities: 301238's short term assets (CN¥7.9B) exceed its long term liabilities (CN¥812.6M).
Debt to Equity History and Analysis
Debt Level: 301238 has more cash than its total debt.
Reducing Debt: 301238's debt to equity ratio has increased from 2.4% to 21.6% over the past 5 years.
Debt Coverage: 301238's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 301238 earns more interest than it pays, so coverage of interest payments is not a concern.