Rongan PropertyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Rongan PropertyLtd has a total shareholder equity of CN¥9.8B and total debt of CN¥5.8B, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are CN¥40.7B and CN¥30.9B respectively. Rongan PropertyLtd's EBIT is CN¥1.9B making its interest coverage ratio -5.3. It has cash and short-term investments of CN¥4.1B.
Key information
59.3%
Debt to equity ratio
CN¥5.82b
Debt
Interest coverage ratio | -5.3x |
Cash | CN¥4.13b |
Equity | CN¥9.82b |
Total liabilities | CN¥30.89b |
Total assets | CN¥40.71b |
Financial Position Analysis
Short Term Liabilities: 000517's short term assets (CN¥38.5B) exceed its short term liabilities (CN¥29.1B).
Long Term Liabilities: 000517's short term assets (CN¥38.5B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 000517's net debt to equity ratio (17.2%) is considered satisfactory.
Reducing Debt: 000517's debt to equity ratio has reduced from 136.6% to 59.3% over the past 5 years.
Debt Coverage: 000517's debt is well covered by operating cash flow (21.2%).
Interest Coverage: 000517 earns more interest than it pays, so coverage of interest payments is not a concern.