Guangdong Rongtai IndustryLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Rongtai IndustryLtd has a total shareholder equity of CN¥641.0M and total debt of CN¥250.6M, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are CN¥1.2B and CN¥603.1M respectively.
Key information
39.1%
Debt to equity ratio
CN¥250.58m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥437.16m |
| Equity | CN¥641.02m |
| Total liabilities | CN¥603.11m |
| Total assets | CN¥1.24b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 600589's short term assets (CN¥618.7M) exceed its short term liabilities (CN¥317.8M).
Long Term Liabilities: 600589's short term assets (CN¥618.7M) exceed its long term liabilities (CN¥285.3M).
Debt to Equity History and Analysis
Debt Level: 600589 has more cash than its total debt.
Reducing Debt: 600589's debt to equity ratio has reduced from 47.8% to 39.1% over the past 5 years.
Debt Coverage: 600589's debt is well covered by operating cash flow (28.8%).
Interest Coverage: Insufficient data to determine if 600589's interest payments on its debt are well covered by EBIT.