Zhejiang Runtu Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Runtu has a total shareholder equity of CN¥9.6B and total debt of CN¥500.4M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CN¥11.6B and CN¥1.9B respectively. Zhejiang Runtu's EBIT is CN¥174.4M making its interest coverage ratio -1.4. It has cash and short-term investments of CN¥2.2B.
Key information
5.2%
Debt to equity ratio
CN¥500.38m
Debt
| Interest coverage ratio | -1.4x |
| Cash | CN¥2.16b |
| Equity | CN¥9.62b |
| Total liabilities | CN¥1.94b |
| Total assets | CN¥11.56b |
Recent financial health updates
Is Zhejiang Runtu (SZSE:002440) A Risky Investment?
Sep 26
Is Zhejiang Runtu (SZSE:002440) Using Too Much Debt?
Jun 07Recent updates
Zhejiang Runtu's (SZSE:002440) Conservative Accounting Might Explain Soft Earnings
Nov 06Is Zhejiang Runtu (SZSE:002440) A Risky Investment?
Sep 26Zhejiang Runtu Co., Ltd.'s (SZSE:002440) Business And Shares Still Trailing The Industry
Jul 29Zhejiang Runtu (SZSE:002440) Is Reducing Its Dividend To CN¥0.15
Jun 21Is Zhejiang Runtu (SZSE:002440) Using Too Much Debt?
Jun 07Financial Position Analysis
Short Term Liabilities: 002440's short term assets (CN¥6.7B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 002440's short term assets (CN¥6.7B) exceed its long term liabilities (CN¥55.7M).
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 5.2% over the past 5 years.
Debt Coverage: 002440's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 002440 earns more interest than it pays, so coverage of interest payments is not a concern.