Red Star Macalline Group Balance Sheet Health
Financial Health criteria checks 2/6
Red Star Macalline Group has a total shareholder equity of CN¥52.4B and total debt of CN¥20.9B, which brings its debt-to-equity ratio to 40%. Its total assets and total liabilities are CN¥121.6B and CN¥69.2B respectively. Red Star Macalline Group's EBIT is CN¥1.9B making its interest coverage ratio 0.8. It has cash and short-term investments of CN¥4.8B.
Key information
40.0%
Debt to equity ratio
CN¥20.94b
Debt
Interest coverage ratio | 0.8x |
Cash | CN¥4.76b |
Equity | CN¥52.40b |
Total liabilities | CN¥69.21b |
Total assets | CN¥121.60b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 601828's short term assets (CN¥11.5B) do not cover its short term liabilities (CN¥28.2B).
Long Term Liabilities: 601828's short term assets (CN¥11.5B) do not cover its long term liabilities (CN¥41.0B).
Debt to Equity History and Analysis
Debt Level: 601828's net debt to equity ratio (30.9%) is considered satisfactory.
Reducing Debt: 601828's debt to equity ratio has reduced from 83.8% to 40% over the past 5 years.
Debt Coverage: 601828's debt is not well covered by operating cash flow (5.3%).
Interest Coverage: 601828's interest payments on its debt are not well covered by EBIT (0.8x coverage).