Rongan PropertyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Rongan PropertyLtd has a total shareholder equity of CN¥8.6B and total debt of CN¥3.3B, which brings its debt-to-equity ratio to 38.3%. Its total assets and total liabilities are CN¥28.9B and CN¥20.3B respectively.
Key information
38.3%
Debt to equity ratio
CN¥3.31b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥2.42b |
| Equity | CN¥8.63b |
| Total liabilities | CN¥20.25b |
| Total assets | CN¥28.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000517's short term assets (CN¥27.1B) exceed its short term liabilities (CN¥18.7B).
Long Term Liabilities: 000517's short term assets (CN¥27.1B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 000517's net debt to equity ratio (10.3%) is considered satisfactory.
Reducing Debt: 000517's debt to equity ratio has reduced from 142.8% to 38.3% over the past 5 years.
Debt Coverage: 000517's debt is well covered by operating cash flow (38.6%).
Interest Coverage: Insufficient data to determine if 000517's interest payments on its debt are well covered by EBIT.