Guangdong Rongtai IndustryLtd Balance Sheet Health
Financial Health criteria checks 2/6
Guangdong Rongtai IndustryLtd has a total shareholder equity of CN¥609.4M and total debt of CN¥504.4M, which brings its debt-to-equity ratio to 82.8%. Its total assets and total liabilities are CN¥1.8B and CN¥1.2B respectively.
Key information
82.8%
Debt to equity ratio
CN¥504.40m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥348.75m |
| Equity | CN¥609.43m |
| Total liabilities | CN¥1.18b |
| Total assets | CN¥1.79b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 600589's short term assets (CN¥553.0M) do not cover its short term liabilities (CN¥595.6M).
Long Term Liabilities: 600589's short term assets (CN¥553.0M) do not cover its long term liabilities (CN¥581.9M).
Debt to Equity History and Analysis
Debt Level: 600589's net debt to equity ratio (25.5%) is considered satisfactory.
Reducing Debt: 600589's debt to equity ratio has increased from 32.9% to 82.8% over the past 5 years.
Debt Coverage: 600589's debt is well covered by operating cash flow (33.3%).
Interest Coverage: Insufficient data to determine if 600589's interest payments on its debt are well covered by EBIT.