China Rare Earth Resources And Technology Balance Sheet Health
Financial Health criteria checks 5/6
China Rare Earth Resources And Technology has a total shareholder equity of CN¥4.7B and total debt of CN¥100.1M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥5.1B and CN¥399.6M respectively. China Rare Earth Resources And Technology's EBIT is CN¥244.1M making its interest coverage ratio -13. It has cash and short-term investments of CN¥1.4B.
Key information
2.1%
Debt to equity ratio
CN¥100.07m
Debt
| Interest coverage ratio | -13x |
| Cash | CN¥1.36b |
| Equity | CN¥4.74b |
| Total liabilities | CN¥399.59m |
| Total assets | CN¥5.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000831's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥326.9M).
Long Term Liabilities: 000831's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥72.7M).
Debt to Equity History and Analysis
Debt Level: 000831 has more cash than its total debt.
Reducing Debt: 000831's debt to equity ratio has reduced from 4.8% to 2.1% over the past 5 years.
Debt Coverage: 000831's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 000831 earns more interest than it pays, so coverage of interest payments is not a concern.