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
The Returns On Capital At Ruitai Materials Technology (SZSE:002066) Don't Inspire Confidence
Dec 02
Ruitai Materials Technology's (SZSE:002066) Solid Earnings May Rest On Weak Foundations
Nov 06Earnings 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 04:13 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Ruitai Materials Technology Co., Ltd. is covered by 5 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jingru Ma | Bohai Securities Co., Ltd. |
| Lei Shi | Everbright Securities Co. Ltd. |
| Wei Zhou | Founder Securities Co., Ltd. |