Bairong Balance Sheet Health
Financial Health criteria checks 6/6
Bairong has a total shareholder equity of CN¥4.6B and total debt of CN¥39.4M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CN¥5.5B and CN¥970.8M respectively. Bairong's EBIT is CN¥260.2M making its interest coverage ratio -3.6. It has cash and short-term investments of CN¥3.0B.
Key information
0.9%
Debt to equity ratio
CN¥39.36m
Debt
| Interest coverage ratio | -3.6x |
| Cash | CN¥2.98b |
| Equity | CN¥4.56b |
| Total liabilities | CN¥970.81m |
| Total assets | CN¥5.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6B5's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥944.6M).
Long Term Liabilities: 6B5's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥26.2M).
Debt to Equity History and Analysis
Debt Level: 6B5 has more cash than its total debt.
Reducing Debt: 6B5 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 6B5's debt is well covered by operating cash flow (791.5%).
Interest Coverage: 6B5 earns more interest than it pays, so coverage of interest payments is not a concern.