Jiangsu Ruitai New Energy Materials Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Ruitai New Energy Materials has a total shareholder equity of CN¥7.5B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are CN¥9.9B and CN¥2.3B respectively. Jiangsu Ruitai New Energy Materials's EBIT is CN¥196.6M making its interest coverage ratio -2.6. It has cash and short-term investments of CN¥5.3B.
Key information
18.6%
Debt to equity ratio
CN¥1.40b
Debt
| Interest coverage ratio | -2.6x |
| Cash | CN¥5.31b |
| Equity | CN¥7.51b |
| Total liabilities | CN¥2.34b |
| Total assets | CN¥9.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301238's short term assets (CN¥7.0B) exceed its short term liabilities (CN¥1.7B).
Long Term Liabilities: 301238's short term assets (CN¥7.0B) exceed its long term liabilities (CN¥666.0M).
Debt to Equity History and Analysis
Debt Level: 301238 has more cash than its total debt.
Reducing Debt: 301238's debt to equity ratio has increased from 1.8% to 18.6% over the past 5 years.
Debt Coverage: 301238's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301238 earns more interest than it pays, so coverage of interest payments is not a concern.