State Power Rixin Technology Balance Sheet Health
Financial Health criteria checks 5/6
State Power Rixin Technology has a total shareholder equity of CN¥1.2B and total debt of CN¥32.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are CN¥1.6B and CN¥436.0M respectively. State Power Rixin Technology's EBIT is CN¥50.7M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥555.5M.
Key information
2.8%
Debt to equity ratio
CN¥32.73m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥555.54m |
| Equity | CN¥1.16b |
| Total liabilities | CN¥435.99m |
| Total assets | CN¥1.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 301162's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥361.1M).
Long Term Liabilities: 301162's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥74.9M).
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 increased from 1% to 2.8% over the past 5 years.
Debt Coverage: 301162's debt is well covered by operating cash flow (149.8%).
Interest Coverage: 301162 earns more interest than it pays, so coverage of interest payments is not a concern.