Shanghai Rongtai Health Technology Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Rongtai Health Technology has a total shareholder equity of CN¥1.9B and total debt of CN¥1.0B, which brings its debt-to-equity ratio to 51.8%. Its total assets and total liabilities are CN¥3.4B and CN¥1.5B respectively. Shanghai Rongtai Health Technology's EBIT is CN¥181.4M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥1.0B.
Key information
51.8%
Debt to equity ratio
CN¥1.01b
Debt
| Interest coverage ratio | -4.8x |
| Cash | CN¥1.04b |
| Equity | CN¥1.95b |
| Total liabilities | CN¥1.46b |
| Total assets | CN¥3.41b |
Recent financial health updates
No updates
Recent updates
Revenue Downgrade: Here's What Analysts Forecast For Shanghai Rongtai Health Technology Corporation Limited (SHSE:603579)
Sep 01
Improved Earnings Required Before Shanghai Rongtai Health Technology Corporation Limited (SHSE:603579) Stock's 27% Jump Looks Justified
May 10Earnings Update: Shanghai Rongtai Health Technology Corporation Limited (SHSE:603579) Just Reported Its Annual Results And Analysts Are Updating Their Forecasts
Apr 19Financial Position Analysis
Short Term Liabilities: 603579's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥720.7M).
Long Term Liabilities: 603579's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥743.0M).
Debt to Equity History and Analysis
Debt Level: 603579 has more cash than its total debt.
Reducing Debt: 603579's debt to equity ratio has increased from 1.9% to 51.8% over the past 5 years.
Debt Coverage: 603579's debt is not well covered by operating cash flow (18%).
Interest Coverage: 603579 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 06:08 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Shanghai Rongtai Health Technology Corporation Limited is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Min Linjia | BOCI Research Ltd. |
| Quan Sen Guan | Changjiang Securities Co. LTD. |
| Hongwei Huang | Chasing Securities |