Dirui IndustrialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Dirui IndustrialLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥315.1M, which brings its debt-to-equity ratio to 14.6%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively. Dirui IndustrialLtd's EBIT is CN¥300.9M making its interest coverage ratio -5.9. It has cash and short-term investments of CN¥674.6M.
Key information
14.6%
Debt to equity ratio
CN¥315.10m
Debt
Interest coverage ratio | -5.9x |
Cash | CN¥674.59m |
Equity | CN¥2.16b |
Total liabilities | CN¥1.09b |
Total assets | CN¥3.25b |
Financial Position Analysis
Short Term Liabilities: 300396's short term assets (CN¥2.0B) exceed its short term liabilities (CN¥1.0B).
Long Term Liabilities: 300396's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥50.3M).
Debt to Equity History and Analysis
Debt Level: 300396 has more cash than its total debt.
Reducing Debt: 300396's debt to equity ratio has increased from 6.2% to 14.6% over the past 5 years.
Debt Coverage: 300396's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 300396 earns more interest than it pays, so coverage of interest payments is not a concern.