Tianjin Ruixin TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tianjin Ruixin TechnologyLtd has a total shareholder equity of CN¥779.5M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are CN¥861.7M and CN¥82.1M respectively. Tianjin Ruixin TechnologyLtd's EBIT is CN¥57.4M making its interest coverage ratio -19.6. It has cash and short-term investments of CN¥165.2M.
Key information
3.9%
Debt to equity ratio
CN¥30.02m
Debt
| Interest coverage ratio | -19.6x |
| Cash | CN¥165.23m |
| Equity | CN¥779.53m |
| Total liabilities | CN¥82.14m |
| Total assets | CN¥861.67m |
Financial Position Analysis
Short Term Liabilities: 300828's short term assets (CN¥452.0M) exceed its short term liabilities (CN¥75.3M).
Long Term Liabilities: 300828's short term assets (CN¥452.0M) exceed its long term liabilities (CN¥6.8M).
Debt to Equity History and Analysis
Debt Level: 300828 has more cash than its total debt.
Reducing Debt: 300828's debt to equity ratio has reduced from 32.5% to 3.9% over the past 5 years.
Debt Coverage: 300828's debt is well covered by operating cash flow (425.6%).
Interest Coverage: 300828 earns more interest than it pays, so coverage of interest payments is not a concern.