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
Financial 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.