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
After Leaping 25% Bairong Inc. (HKG:6608) Shares Are Not Flying Under The Radar
Sep 30
Shareholders Will Probably Hold Off On Increasing Bairong Inc.'s (HKG:6608) CEO Compensation For The Time Being
Jun 14Bairong Inc.'s (HKG:6608) 26% Cheaper Price Remains In Tune With Earnings
Apr 03Cautious Investors Not Rewarding Bairong Inc.'s (HKG:6608) Performance Completely
Aug 24Financial Position Analysis
Short Term Liabilities: 6608's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥944.6M).
Long Term Liabilities: 6608's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥26.2M).
Debt to Equity History and Analysis
Debt Level: 6608 has more cash than its total debt.
Reducing Debt: 6608 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 6608's debt is well covered by operating cash flow (791.5%).
Interest Coverage: 6608 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 23:45 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/06/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Bairong Inc. is covered by 11 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Han Pu | China International Capital Corporation Limited |
| Zeyu Yao | China International Capital Corporation Limited |
| Yada Li | China International Capital Corporation Limited |