Red Star Macalline Group Balance Sheet Health
Financial Health criteria checks 1/6
Red Star Macalline Group has a total shareholder equity of CN¥51.4B and total debt of CN¥31.8B, which brings its debt-to-equity ratio to 61.8%. Its total assets and total liabilities are CN¥118.3B and CN¥66.9B respectively. Red Star Macalline Group's EBIT is CN¥1.4B making its interest coverage ratio 0.5. It has cash and short-term investments of CN¥3.1B.
Key information
61.8%
Debt to equity ratio
CN¥31.76b
Debt
| Interest coverage ratio | 0.5x |
| Cash | CN¥3.07b |
| Equity | CN¥51.40b |
| Total liabilities | CN¥66.86b |
| Total assets | CN¥118.27b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601828's short term assets (CN¥9.2B) do not cover its short term liabilities (CN¥27.8B).
Long Term Liabilities: 601828's short term assets (CN¥9.2B) do not cover its long term liabilities (CN¥39.0B).
Debt to Equity History and Analysis
Debt Level: 601828's net debt to equity ratio (55.8%) is considered high.
Reducing Debt: 601828's debt to equity ratio has reduced from 86.2% to 61.8% over the past 5 years.
Debt Coverage: 601828's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 601828's interest payments on its debt are not well covered by EBIT (0.5x coverage).