Jiangsu Rainbow Heavy Industries Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Rainbow Heavy Industries has a total shareholder equity of CN¥4.5B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are CN¥10.4B and CN¥5.9B respectively. Jiangsu Rainbow Heavy Industries's EBIT is CN¥780.8M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥3.4B.
Key information
23.9%
Debt to equity ratio
CN¥1.09b
Debt
| Interest coverage ratio | -18.9x |
| Cash | CN¥3.44b |
| Equity | CN¥4.55b |
| Total liabilities | CN¥5.89b |
| Total assets | CN¥10.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002483's short term assets (CN¥7.2B) exceed its short term liabilities (CN¥5.4B).
Long Term Liabilities: 002483's short term assets (CN¥7.2B) exceed its long term liabilities (CN¥533.7M).
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 8.7% to 23.9% over the past 5 years.
Debt Coverage: 002483's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002483 earns more interest than it pays, so coverage of interest payments is not a concern.