Zhejiang Runtu Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Runtu has a total shareholder equity of CN¥9.7B and total debt of CN¥842.7M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are CN¥11.8B and CN¥2.1B respectively. Zhejiang Runtu's EBIT is CN¥218.4M making its interest coverage ratio -2.1. It has cash and short-term investments of CN¥2.1B.
Key information
8.7%
Debt to equity ratio
CN¥842.71m
Debt
Interest coverage ratio | -2.1x |
Cash | CN¥2.11b |
Equity | CN¥9.67b |
Total liabilities | CN¥2.15b |
Total assets | CN¥11.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002440's short term assets (CN¥6.5B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 002440's short term assets (CN¥6.5B) exceed its long term liabilities (CN¥353.2M).
Debt to Equity History and Analysis
Debt Level: 002440 has more cash than its total debt.
Reducing Debt: 002440's debt to equity ratio has increased from 4% to 8.7% over the past 5 years.
Debt Coverage: 002440's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002440 earns more interest than it pays, so coverage of interest payments is not a concern.