Hainan RuiZe New Building MaterialLtd Balance Sheet Health
Financial Health criteria checks 4/6
Hainan RuiZe New Building MaterialLtd has a total shareholder equity of CN¥953.3M and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 147.6%. Its total assets and total liabilities are CN¥3.8B and CN¥2.9B respectively.
Key information
147.6%
Debt to equity ratio
CN¥1.41b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥113.83m |
| Equity | CN¥953.31m |
| Total liabilities | CN¥2.86b |
| Total assets | CN¥3.81b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002596's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002596's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002596's net debt to equity ratio (135.7%) is considered high.
Reducing Debt: 002596's debt to equity ratio has increased from 46.5% to 147.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 002596 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002596 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.4% per year.