Rongcheer Industrial Technology (Suzhou) Balance Sheet Health
Financial Health criteria checks 4/6
Rongcheer Industrial Technology (Suzhou) has a total shareholder equity of CN¥1.1B and total debt of CN¥90.9M, which brings its debt-to-equity ratio to 7.9%. Its total assets and total liabilities are CN¥1.4B and CN¥273.5M respectively. Rongcheer Industrial Technology (Suzhou)'s EBIT is CN¥39.0M making its interest coverage ratio -7.8. It has cash and short-term investments of CN¥880.7M.
Key information
7.9%
Debt to equity ratio
CN¥90.89m
Debt
Interest coverage ratio | -7.8x |
Cash | CN¥880.71m |
Equity | CN¥1.14b |
Total liabilities | CN¥273.51m |
Total assets | CN¥1.42b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301360's short term assets (CN¥1.3B) exceed its short term liabilities (CN¥270.5M).
Long Term Liabilities: 301360's short term assets (CN¥1.3B) exceed its long term liabilities (CN¥3.0M).
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 7.9% over the past 5 years.
Debt Coverage: 301360's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301360 earns more interest than it pays, so coverage of interest payments is not a concern.