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¥878.1M and total debt of CN¥1.3B, which brings its debt-to-equity ratio to 150.3%. Its total assets and total liabilities are CN¥3.6B and CN¥2.7B respectively.
Key information
150.3%
Debt to equity ratio
CN¥1.32b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥129.77m |
| Equity | CN¥878.12m |
| Total liabilities | CN¥2.75b |
| Total assets | CN¥3.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002596's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥1.6B).
Long Term Liabilities: 002596's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 002596's net debt to equity ratio (135.5%) is considered high.
Reducing Debt: 002596's debt to equity ratio has increased from 48% to 150.3% 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 17.3% per year.