RongFa Nuclear Equipment Balance Sheet Health
Financial Health criteria checks 5/6
RongFa Nuclear Equipment has a total shareholder equity of CN¥5.2B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 32.9%. Its total assets and total liabilities are CN¥8.2B and CN¥3.0B respectively. RongFa Nuclear Equipment's EBIT is CN¥2.0M making its interest coverage ratio -0. It has cash and short-term investments of CN¥1.2B.
Key information
32.9%
Debt to equity ratio
CN¥1.70b
Debt
| Interest coverage ratio | -0.04x |
| Cash | CN¥1.24b |
| Equity | CN¥5.15b |
| Total liabilities | CN¥3.02b |
| Total assets | CN¥8.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002366's short term assets (CN¥3.9B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002366's short term assets (CN¥3.9B) exceed its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 002366's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 002366's debt to equity ratio has reduced from 98.6% to 32.9% over the past 5 years.
Debt Coverage: 002366's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002366 earns more interest than it pays, so coverage of interest payments is not a concern.