Rongxin Education and Culture Industry Development Balance Sheet Health
Financial Health criteria checks 5/6
Rongxin Education and Culture Industry Development has a total shareholder equity of CN¥905.2M and total debt of CN¥2.3M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥948.6M and CN¥43.4M respectively. Rongxin Education and Culture Industry Development's EBIT is CN¥579.6K making its interest coverage ratio -0.1. It has cash and short-term investments of CN¥511.1M.
Key information
0.3%
Debt to equity ratio
CN¥2.35m
Debt
| Interest coverage ratio | -0.06x |
| Cash | CN¥511.07m |
| Equity | CN¥905.17m |
| Total liabilities | CN¥43.44m |
| Total assets | CN¥948.61m |
Financial Position Analysis
Short Term Liabilities: 301231's short term assets (CN¥792.8M) exceed its short term liabilities (CN¥42.1M).
Long Term Liabilities: 301231's short term assets (CN¥792.8M) exceed its long term liabilities (CN¥1.3M).
Debt to Equity History and Analysis
Debt Level: 301231 has more cash than its total debt.
Reducing Debt: 301231's debt to equity ratio has reduced from 9.1% to 0.3% over the past 5 years.
Debt Coverage: 301231's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 301231 earns more interest than it pays, so coverage of interest payments is not a concern.