Ruitai Materials Technology Balance Sheet Health
Financial Health criteria checks 4/6
Ruitai Materials Technology has a total shareholder equity of CN¥1.5B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 93.5%. Its total assets and total liabilities are CN¥5.1B and CN¥3.6B respectively. Ruitai Materials Technology's EBIT is CN¥171.2M making its interest coverage ratio 3.8. It has cash and short-term investments of CN¥327.2M.
Key information
93.5%
Debt to equity ratio
CN¥1.37b
Debt
| Interest coverage ratio | 3.8x |
| Cash | CN¥327.19m |
| Equity | CN¥1.46b |
| Total liabilities | CN¥3.63b |
| Total assets | CN¥5.09b |
Recent financial health updates
No updates
Recent updates
Ruitai Materials Technology's (SZSE:002066) Solid Earnings May Rest On Weak Foundations
Nov 06
Earnings Not Telling The Story For Ruitai Materials Technology Co., Ltd. (SZSE:002066) After Shares Rise 37%
Oct 08Ruitai Materials Technology's (SZSE:002066) Profits Appear To Have Quality Issues
Mar 12One Ruitai Materials Technology Co., Ltd. (SZSE:002066) Analyst Just Made A Major Cut To Next Year's Estimates
Mar 11Why Investors Shouldn't Be Surprised By Ruitai Materials Technology Co., Ltd.'s (SZSE:002066) 26% Share Price Plunge
Feb 28Financial Position Analysis
Short Term Liabilities: 002066's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.8B).
Long Term Liabilities: 002066's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥862.9M).
Debt to Equity History and Analysis
Debt Level: 002066's net debt to equity ratio (71.1%) is considered high.
Reducing Debt: 002066's debt to equity ratio has reduced from 136.4% to 93.5% over the past 5 years.
Debt Coverage: 002066's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 002066's interest payments on its debt are well covered by EBIT (3.8x coverage).