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 |
| Cash | CN¥3.07b |
| Equity | CN¥4.15b |
| Total liabilities | CN¥22.54b |
| Total assets | CN¥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 (SZSE:002419) May Have Issues Allocating Its Capital
Oct 24These 4 Measures Indicate That Rainbow Digital Commercial (SZSE:002419) Is Using Debt Extensively
Sep 27Rainbow Digital Commercial (SZSE:002419) Is Paying Out A Larger Dividend Than Last Year
Apr 24Rainbow Digital Commercial Co., Ltd.'s (SZSE:002419) Intrinsic Value Is Potentially 19% Below Its Share Price
Apr 02Financial 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.