Jiangsu Rainbow Heavy Industries Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Rainbow Heavy Industries has a total shareholder equity of CN¥4.4B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 25.5%. Its total assets and total liabilities are CN¥10.0B and CN¥5.7B respectively. Jiangsu Rainbow Heavy Industries's EBIT is CN¥796.2M making its interest coverage ratio 124.8. It has cash and short-term investments of CN¥3.1B.
Key information
25.5%
Debt to equity ratio
CN¥1.11b
Debt
Interest coverage ratio | 124.8x |
Cash | CN¥3.06b |
Equity | CN¥4.35b |
Total liabilities | CN¥5.69b |
Total assets | CN¥10.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002483's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥5.1B).
Long Term Liabilities: 002483's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥584.0M).
Debt to Equity History and Analysis
Debt Level: 002483 has more cash than its total debt.
Reducing Debt: 002483's debt to equity ratio has increased from 9.7% to 25.5% over the past 5 years.
Debt Coverage: 002483's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002483's interest payments on its debt are well covered by EBIT (124.8x coverage).