Rising Nonferrous Metals ShareLtd Balance Sheet Health
Financial Health criteria checks 2/6
Rising Nonferrous Metals ShareLtd has a total shareholder equity of CN¥3.6B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 79.7%. Its total assets and total liabilities are CN¥8.4B and CN¥4.8B respectively.
Key information
79.7%
Debt to equity ratio
CN¥2.90b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥983.45m |
| Equity | CN¥3.64b |
| Total liabilities | CN¥4.79b |
| Total assets | CN¥8.43b |
Financial Position Analysis
Short Term Liabilities: 600259's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥3.7B).
Long Term Liabilities: 600259's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥1.1B).
Debt to Equity History and Analysis
Debt Level: 600259's net debt to equity ratio (52.7%) is considered high.
Reducing Debt: 600259's debt to equity ratio has increased from 69.8% to 79.7% over the past 5 years.
Debt Coverage: 600259's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 600259's interest payments on its debt are well covered by EBIT.