Rainbow Digital Commercial Co., Ltd.

SZSE:002419 Stock Report

Market Cap: CN¥5.4b

Rainbow Digital Commercial Balance Sheet Health

Financial Health criteria checks 3/6

Rainbow Digital Commercial has a total shareholder equity of CN¥4.2B and total debt of CN¥380.2M, which brings its debt-to-equity ratio to 9.2%. Its total assets and total liabilities are CN¥26.7B and CN¥22.5B respectively. Rainbow Digital Commercial's EBIT is CN¥142.5M making its interest coverage ratio -43.2. It has cash and short-term investments of CN¥3.1B.

Key information

9.2%

Debt to equity ratio

CN¥380.20m

Debt

Interest coverage ratio-43.2x
CashCN¥3.07b
EquityCN¥4.15b
Total liabilitiesCN¥22.54b
Total assetsCN¥26.69b

Recent financial health updates

Recent updates

Rainbow Digital Commercial Co., Ltd.'s (SZSE:002419) P/E Still Appears To Be Reasonable

Nov 15
Rainbow Digital Commercial Co., Ltd.'s (SZSE:002419) P/E Still Appears To Be Reasonable

Rainbow Digital Commercial (SZSE:002419) May Have Issues Allocating Its Capital

Oct 24
Rainbow Digital Commercial (SZSE:002419) May Have Issues Allocating Its Capital

These 4 Measures Indicate That Rainbow Digital Commercial (SZSE:002419) Is Using Debt Extensively

Sep 27
These 4 Measures Indicate That Rainbow Digital Commercial (SZSE:002419) Is Using Debt Extensively

Rainbow Digital Commercial (SZSE:002419) Is Paying Out A Larger Dividend Than Last Year

Apr 24
Rainbow Digital Commercial (SZSE:002419) Is Paying Out A Larger Dividend Than Last Year

Rainbow Digital Commercial Co., Ltd.'s (SZSE:002419) Intrinsic Value Is Potentially 19% Below Its Share Price

Apr 02
Rainbow Digital Commercial Co., Ltd.'s (SZSE:002419) Intrinsic Value Is Potentially 19% Below Its Share Price

Financial Position Analysis

Short Term Liabilities: 002419's short term assets (CN¥4.6B) do not cover its short term liabilities (CN¥11.0B).

Long Term Liabilities: 002419's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥11.5B).


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 9.2% over the past 5 years.

Debt Coverage: 002419's debt is well covered by operating cash flow (484.7%).

Interest Coverage: 002419 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 02:15
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Rainbow Digital Commercial Co., Ltd. is covered by 21 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Zhi Xue DiaoAvic Securities Co., Ltd
Lan TongChangjiang Securities Co. LTD.
Bo ChenChasing Securities