Ruida FuturesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ruida FuturesLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥815.1M, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are CN¥15.6B and CN¥12.7B respectively.
Key information
28.4%
Debt to equity ratio
CN¥815.10m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥1.10b |
| Equity | CN¥2.87b |
| Total liabilities | CN¥12.69b |
| Total assets | CN¥15.56b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002961's short term assets (CN¥14.6B) exceed its short term liabilities (CN¥11.0B).
Long Term Liabilities: 002961's short term assets (CN¥14.6B) exceed its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 002961 has more cash than its total debt.
Reducing Debt: 002961's debt to equity ratio has increased from 24% to 28.4% over the past 5 years.
Debt Coverage: 002961's debt is well covered by operating cash flow (264.8%).
Interest Coverage: Insufficient data to determine if 002961's interest payments on its debt are well covered by EBIT.