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¥40.0K, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥2.2B and CN¥610.5M respectively. Chengdu Rainbow Appliance (Group) Shares's EBIT is CN¥120.3M making its interest coverage ratio -6.2. It has cash and short-term investments of CN¥1.1B.
Key information
0.003%
Debt to equity ratio
CN¥40.00k
Debt
| Interest coverage ratio | -6.2x |
| Cash | CN¥1.10b |
| Equity | CN¥1.55b |
| Total liabilities | CN¥610.50m |
| Total assets | CN¥2.16b |
Recent financial health updates
No updates
Recent updates
Chengdu Rainbow Appliance (Group) Shares (SZSE:003023) Is Paying Out A Larger Dividend Than Last Year
Jun 07
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¥1.7B) exceed its short term liabilities (CN¥608.0M).
Long Term Liabilities: 003023's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥2.5M).
Debt to Equity History and Analysis
Debt Level: 003023 has more cash than its total debt.
Reducing Debt: 003023's debt to equity ratio has reduced from 2.9% to 0% over the past 5 years.
Debt Coverage: 003023's debt is well covered by operating cash flow (652448.3%).
Interest Coverage: 003023 earns more interest than it pays, so coverage of interest payments is not a concern.