Rongcheer Industrial Technology (Suzhou) Balance Sheet Health
Financial Health criteria checks 5/6
Rongcheer Industrial Technology (Suzhou) has a total shareholder equity of CN¥1.2B and total debt of CN¥16.1M, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are CN¥1.4B and CN¥234.6M respectively. Rongcheer Industrial Technology (Suzhou)'s EBIT is CN¥40.8M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥765.4M.
Key information
1.4%
Debt to equity ratio
CN¥16.10m
Debt
| Interest coverage ratio | -2.1x |
| Cash | CN¥765.39m |
| Equity | CN¥1.15b |
| Total liabilities | CN¥234.64m |
| Total assets | CN¥1.39b |
Recent financial health updates
No updates
Recent updates
Returns On Capital At Rongcheer Industrial Technology (Suzhou) (SZSE:301360) Paint A Concerning Picture
Aug 01
Rongcheer Industrial Technology (Suzhou)'s (SZSE:301360) Anemic Earnings Might Be Worse Than You Think
May 01Rongcheer Industrial Technology (Suzhou) Co., Ltd.'s (SZSE:301360) Share Price Is Still Matching Investor Opinion Despite 31% Slump
Apr 21Financial Position Analysis
Short Term Liabilities: 301360's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥231.7M).
Long Term Liabilities: 301360's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥2.9M).
Debt to Equity History and Analysis
Debt Level: 301360 has more cash than its total debt.
Reducing Debt: 301360's debt to equity ratio has increased from 0% to 1.4% over the past 5 years.
Debt Coverage: 301360's debt is well covered by operating cash flow (79.5%).
Interest Coverage: 301360 earns more interest than it pays, so coverage of interest payments is not a concern.