Ronglian Group Balance Sheet Health
Financial Health criteria checks 5/6
Ronglian Group has a total shareholder equity of CN¥1.1B and total debt of CN¥254.9M, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are CN¥2.5B and CN¥1.3B respectively.
Key information
22.6%
Debt to equity ratio
CN¥254.86m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥530.29m |
| Equity | CN¥1.13b |
| Total liabilities | CN¥1.34b |
| Total assets | CN¥2.47b |
Recent financial health updates
Financial 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¥15.5M).
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 14.4% to 22.6% 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: Whilst unprofitable 002642 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 002642 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 31.5% per year.