Rainbow Digital Commercial Balance Sheet Health
Financial Health criteria checks 2/6
Rainbow Digital Commercial has a total shareholder equity of CN¥4.4B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are CN¥27.9B and CN¥23.6B respectively. Rainbow Digital Commercial's EBIT is CN¥169.3M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥6.9B.
Key information
37.0%
Debt to equity ratio
CN¥1.62b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥6.89b |
| Equity | CN¥4.37b |
| Total liabilities | CN¥23.56b |
| Total assets | CN¥27.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002419's short term assets (CN¥9.0B) do not cover its short term liabilities (CN¥11.3B).
Long Term Liabilities: 002419's short term assets (CN¥9.0B) do not cover its long term liabilities (CN¥12.3B).
Debt to Equity History and Analysis
Debt Level: 002419 has more cash than its total debt.
Reducing Debt: 002419's debt to equity ratio has increased from 0% to 37% over the past 5 years.
Debt Coverage: 002419's debt is well covered by operating cash flow (184.7%).
Interest Coverage: 002419's interest payments on its debt are not well covered by EBIT (1.8x coverage).