Guangdong Rongtai IndustryLtd Balance Sheet Health
Financial Health criteria checks 4/6
Guangdong Rongtai IndustryLtd has a total shareholder equity of CN¥599.4M and total debt of CN¥274.8M, which brings its debt-to-equity ratio to 45.8%. Its total assets and total liabilities are CN¥1.2B and CN¥565.8M respectively.
Key information
45.8%
Debt to equity ratio
CN¥274.82m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥370.47m |
| Equity | CN¥599.44m |
| Total liabilities | CN¥565.82m |
| Total assets | CN¥1.17b |
Recent financial health updates
Guangdong Rongtai IndustryLtd (SHSE:600589) Has Debt But No Earnings; Should You Worry?
Aug 21
Does Guangdong Rongtai IndustryLtd (SHSE:600589) Have A Healthy Balance Sheet?
Apr 26Recent updates
Guangdong Rongtai IndustryLtd (SHSE:600589) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Aug 29Guangdong Rongtai IndustryLtd (SHSE:600589) Has Debt But No Earnings; Should You Worry?
Aug 21Guangdong Rongtai Industry Co.,Ltd's (SHSE:600589) 27% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jul 16Guangdong Rongtai Industry Co.,Ltd's (SHSE:600589) 28% Share Price Plunge Could Signal Some Risk
May 13Does Guangdong Rongtai IndustryLtd (SHSE:600589) Have A Healthy Balance Sheet?
Apr 26Guangdong Rongtai Industry Co.,Ltd's (SHSE:600589) Shares Climb 31% But Its Business Is Yet to Catch Up
Mar 04Financial Position Analysis
Short Term Liabilities: 600589's short term assets (CN¥552.9M) exceed its short term liabilities (CN¥321.0M).
Long Term Liabilities: 600589's short term assets (CN¥552.9M) exceed its long term liabilities (CN¥244.9M).
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 increased from 41% to 45.8% over the past 5 years.
Debt Coverage: 600589's debt is well covered by operating cash flow (38.6%).
Interest Coverage: Insufficient data to determine if 600589's interest payments on its debt are well covered by EBIT.