Chengdu Rainbow Appliance (Group) Shares Balance Sheet Health
Financial Health criteria checks 6/6
Chengdu Rainbow Appliance (Group) Shares has a total shareholder equity of CN¥1.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.3B and CN¥755.9M respectively. Chengdu Rainbow Appliance (Group) Shares's EBIT is CN¥110.3M making its interest coverage ratio -5.6. It has cash and short-term investments of CN¥1.2B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
Interest coverage ratio | -5.6x |
Cash | CN¥1.23b |
Equity | CN¥1.55b |
Total liabilities | CN¥755.91m |
Total assets | CN¥2.30b |
Recent financial health updates
No updates
Recent updates
Statutory Profit Doesn't Reflect How Good Chengdu Rainbow Appliance (Group) Shares' (SZSE:003023) Earnings Are
Apr 29Investors Aren't Buying Chengdu Rainbow Appliance (Group) Shares Co., Ltd.'s (SZSE:003023) Earnings
Apr 17The Returns On Capital At Chengdu Rainbow Appliance (Group) Shares (SZSE:003023) Don't Inspire Confidence
Feb 27Financial Position Analysis
Short Term Liabilities: 003023's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥753.2M).
Long Term Liabilities: 003023's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥2.7M).
Debt to Equity History and Analysis
Debt Level: 003023 is debt free.
Reducing Debt: 003023 has no debt compared to 5 years ago when its debt to equity ratio was 3.9%.
Debt Coverage: 003023 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 003023 has no debt, therefore coverage of interest payments is not a concern.