Rendong Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Rendong Holdings has a total shareholder equity of CN¥87.3M and total debt of CN¥856.9M, which brings its debt-to-equity ratio to 981.5%. Its total assets and total liabilities are CN¥4.6B and CN¥4.5B respectively. Rendong Holdings's EBIT is CN¥52.7M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥2.9B.
Key information
981.5%
Debt to equity ratio
CN¥856.95m
Debt
Interest coverage ratio | 0.3x |
Cash | CN¥2.91b |
Equity | CN¥87.31m |
Total liabilities | CN¥4.46b |
Total assets | CN¥4.55b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002647's short term assets (CN¥3.1B) do not cover its short term liabilities (CN¥4.4B).
Long Term Liabilities: 002647's short term assets (CN¥3.1B) exceed its long term liabilities (CN¥30.0M).
Debt to Equity History and Analysis
Debt Level: 002647 has more cash than its total debt.
Reducing Debt: 002647's debt to equity ratio has increased from 92.2% to 981.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 002647 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002647 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 3.1% per year.