Ronglian Group Balance Sheet Health
Financial Health criteria checks 5/6
Ronglian Group has a total shareholder equity of CN¥1.2B and total debt of CN¥340.3M, which brings its debt-to-equity ratio to 29.6%. Its total assets and total liabilities are CN¥2.5B and CN¥1.3B respectively.
Key information
29.6%
Debt to equity ratio
CN¥340.28m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥367.02m |
| Equity | CN¥1.15b |
| Total liabilities | CN¥1.33b |
| Total assets | CN¥2.48b |
Recent financial health updates
Recent updates
There's No Escaping Ronglian Group Ltd.'s (SZSE:002642) Muted Revenues Despite A 38% Share Price Rise
Oct 08
Ronglian Group Ltd.'s (SZSE:002642) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Aug 23Revenues Working Against Ronglian Group Ltd.'s (SZSE:002642) Share Price Following 25% Dive
Apr 22Ronglian Group Ltd.'s (SZSE:002642) Shares Bounce 42% But Its Business Still Trails The Industry
Mar 06Is Ronglian Group (SZSE:002642) Using Debt Sensibly?
Feb 27Financial Position Analysis
Short Term Liabilities: 002642's short term assets (CN¥1.9B) exceed its short term liabilities (CN¥1.3B).
Long Term Liabilities: 002642's short term assets (CN¥1.9B) exceed its long term liabilities (CN¥18.9M).
Debt to Equity History and Analysis
Debt Level: 002642 has more cash than its total debt.
Reducing Debt: 002642's debt to equity ratio has increased from 11.3% to 29.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002642 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 002642 has sufficient cash runway for 1.1 years if free cash flow continues to grow at historical rates of 22.9% each year.