Dirui IndustrialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Dirui IndustrialLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥385.1M, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are CN¥3.1B and CN¥974.6M respectively. Dirui IndustrialLtd's EBIT is CN¥212.6M making its interest coverage ratio -5.2. It has cash and short-term investments of CN¥491.0M.
Key information
18.4%
Debt to equity ratio
CN¥385.10m
Debt
| Interest coverage ratio | -5.2x |
| Cash | CN¥491.02m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥974.55m |
| Total assets | CN¥3.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300396's short term assets (CN¥1.8B) exceed its short term liabilities (CN¥928.5M).
Long Term Liabilities: 300396's short term assets (CN¥1.8B) exceed its long term liabilities (CN¥46.1M).
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 7.7% to 18.4% over the past 5 years.
Debt Coverage: 300396's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300396 earns more interest than it pays, so coverage of interest payments is not a concern.