Jiangxi Rimag Group Balance Sheet Health
Financial Health criteria checks 4/6
Jiangxi Rimag Group has a total shareholder equity of CN¥1.6B and total debt of CN¥265.4M, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are CN¥2.2B and CN¥615.9M respectively. Jiangxi Rimag Group's EBIT is CN¥5.3M making its interest coverage ratio 0.3. It has cash and short-term investments of CN¥322.5M.
Key information
17.0%
Debt to equity ratio
CN¥265.38m
Debt
| Interest coverage ratio | 0.3x |
| Cash | CN¥322.54m |
| Equity | CN¥1.56b |
| Total liabilities | CN¥615.87m |
| Total assets | CN¥2.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2522's short term assets (CN¥821.6M) exceed its short term liabilities (CN¥373.5M).
Long Term Liabilities: 2522's short term assets (CN¥821.6M) exceed its long term liabilities (CN¥242.4M).
Debt to Equity History and Analysis
Debt Level: 2522 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2522's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2522's debt is well covered by operating cash flow (52.1%).
Interest Coverage: 2522's interest payments on its debt are not well covered by EBIT (0.3x coverage).