Shanghai Rongtai Health Technology Balance Sheet Health
Financial Health criteria checks 5/6
Shanghai Rongtai Health Technology has a total shareholder equity of CN¥2.0B and total debt of CN¥755.2M, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CN¥3.4B and CN¥1.4B respectively. Shanghai Rongtai Health Technology's EBIT is CN¥198.7M making its interest coverage ratio -5.4. It has cash and short-term investments of CN¥1.8B.
Key information
38.3%
Debt to equity ratio
CN¥755.24m
Debt
| Interest coverage ratio | -5.4x |
| Cash | CN¥1.81b |
| Equity | CN¥1.97b |
| Total liabilities | CN¥1.41b |
| Total assets | CN¥3.38b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603579's short term assets (CN¥2.2B) exceed its short term liabilities (CN¥666.6M).
Long Term Liabilities: 603579's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥745.3M).
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 10.1% to 38.3% over the past 5 years.
Debt Coverage: 603579's debt is well covered by operating cash flow (45.6%).
Interest Coverage: 603579 earns more interest than it pays, so coverage of interest payments is not a concern.