Tianjin Ruixin TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Tianjin Ruixin TechnologyLtd has a total shareholder equity of CN¥795.5M and total debt of CN¥30.0M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are CN¥872.3M and CN¥76.8M respectively. Tianjin Ruixin TechnologyLtd's EBIT is CN¥71.3M making its interest coverage ratio -25.1. It has cash and short-term investments of CN¥187.5M.
Key information
3.8%
Debt to equity ratio
CN¥30.02m
Debt
Interest coverage ratio | -25.1x |
Cash | CN¥187.55m |
Equity | CN¥795.49m |
Total liabilities | CN¥76.80m |
Total assets | CN¥872.28m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300828's short term assets (CN¥492.7M) exceed its short term liabilities (CN¥69.3M).
Long Term Liabilities: 300828's short term assets (CN¥492.7M) exceed its long term liabilities (CN¥7.5M).
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 15.4% to 3.8% over the past 5 years.
Debt Coverage: 300828's debt is well covered by operating cash flow (522%).
Interest Coverage: 300828 earns more interest than it pays, so coverage of interest payments is not a concern.