Zhejiang Runyang New Material Technology Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Runyang New Material Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥83.0M, which brings its debt-to-equity ratio to 7.1%. Its total assets and total liabilities are CN¥1.4B and CN¥187.8M respectively. Zhejiang Runyang New Material Technology's EBIT is CN¥37.0M making its interest coverage ratio -2.4. It has cash and short-term investments of CN¥496.8M.
Key information
7.1%
Debt to equity ratio
CN¥83.00m
Debt
| Interest coverage ratio | -2.4x |
| Cash | CN¥496.85m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥187.79m |
| Total assets | CN¥1.36b |
Recent financial health updates
No updates
Recent updates
There's Reason For Concern Over Zhejiang Runyang New Material Technology Co., Ltd.'s (SZSE:300920) Price
Sep 27
Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920) Surges 29% Yet Its Low P/E Is No Reason For Excitement
May 21Be Wary Of Zhejiang Runyang New Material Technology (SZSE:300920) And Its Returns On Capital
Apr 23Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920) Investors Are Less Pessimistic Than Expected
Mar 06Financial Position Analysis
Short Term Liabilities: 300920's short term assets (CN¥748.2M) exceed its short term liabilities (CN¥161.2M).
Long Term Liabilities: 300920's short term assets (CN¥748.2M) exceed its long term liabilities (CN¥26.6M).
Debt to Equity History and Analysis
Debt Level: 300920 has more cash than its total debt.
Reducing Debt: 300920's debt to equity ratio has increased from 3.2% to 7.1% over the past 5 years.
Debt Coverage: 300920's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: 300920 earns more interest than it pays, so coverage of interest payments is not a concern.