State Power Rixin Technology Balance Sheet Health
Financial Health criteria checks 6/6
State Power Rixin Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥17.9M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are CN¥1.4B and CN¥323.7M respectively. State Power Rixin Technology's EBIT is CN¥52.9M making its interest coverage ratio -2.9. It has cash and short-term investments of CN¥674.8M.
Key information
1.6%
Debt to equity ratio
CN¥17.93m
Debt
Interest coverage ratio | -2.9x |
Cash | CN¥674.81m |
Equity | CN¥1.12b |
Total liabilities | CN¥323.72m |
Total assets | CN¥1.44b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 301162's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥282.2M).
Long Term Liabilities: 301162's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥41.5M).
Debt to Equity History and Analysis
Debt Level: 301162 has more cash than its total debt.
Reducing Debt: 301162's debt to equity ratio has reduced from 2.7% to 1.6% over the past 5 years.
Debt Coverage: 301162's debt is well covered by operating cash flow (418.4%).
Interest Coverage: 301162 earns more interest than it pays, so coverage of interest payments is not a concern.