Fujian Rongji Software Balance Sheet Health
Financial Health criteria checks 3/6
Fujian Rongji Software has a total shareholder equity of CN¥1.5B and total debt of CN¥623.5M, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are CN¥2.7B and CN¥1.2B respectively.
Key information
42.0%
Debt to equity ratio
CN¥623.53m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥336.56m |
| Equity | CN¥1.49b |
| Total liabilities | CN¥1.19b |
| Total assets | CN¥2.68b |
Financial Position Analysis
Short Term Liabilities: 002474's short term assets (CN¥1.5B) exceed its short term liabilities (CN¥1.1B).
Long Term Liabilities: 002474's short term assets (CN¥1.5B) exceed its long term liabilities (CN¥99.5M).
Debt to Equity History and Analysis
Debt Level: 002474's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 002474's debt to equity ratio has increased from 29.4% to 42% over the past 5 years.
Debt Coverage: 002474's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: Insufficient data to determine if 002474's interest payments on its debt are well covered by EBIT.