Redsun Services Group Balance Sheet Health
Financial Health criteria checks 6/6
Redsun Services Group has a total shareholder equity of CN¥938.7M and total debt of CN¥38.0M, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are CN¥1.7B and CN¥752.0M respectively. Redsun Services Group's EBIT is CN¥154.3M making its interest coverage ratio 231.3. It has cash and short-term investments of CN¥485.2M.
Key information
4.0%
Debt to equity ratio
CN¥37.96m
Debt
| Interest coverage ratio | 231.3x |
| Cash | CN¥485.18m |
| Equity | CN¥938.70m |
| Total liabilities | CN¥752.02m |
| Total assets | CN¥1.69b |
Recent financial health updates
Recent updates
We Think Redsun Services Group (HKG:1971) Can Manage Its Debt With Ease
Dec 03
Redsun Services Group Limited's (HKG:1971) 31% Price Boost Is Out Of Tune With Revenues
Oct 09The Market Lifts Redsun Services Group Limited (HKG:1971) Shares 33% But It Can Do More
May 31There May Be Some Bright Spots In Redsun Services Group's (HKG:1971) Earnings
Apr 25Benign Growth For Redsun Services Group Limited (HKG:1971) Underpins Its Share Price
Dec 18Investors Don't See Light At End Of Redsun Services Group Limited's (HKG:1971) Tunnel And Push Stock Down 30%
Jun 09Redsun Services Group's (HKG:1971) Anemic Earnings Might Be Worse Than You Think
Apr 27Redsun Services Group Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Mar 26Should You Buy Redsun Services Group Limited (HKG:1971) For Its Dividend?
Mar 25Can Redsun Services Group Limited's (HKG:1971) ROE Continue To Surpass The Industry Average?
Jan 20
Financial Position Analysis
Short Term Liabilities: 1971's short term assets (CN¥1.4B) exceed its short term liabilities (CN¥713.2M).
Long Term Liabilities: 1971's short term assets (CN¥1.4B) exceed its long term liabilities (CN¥38.8M).
Debt to Equity History and Analysis
Debt Level: 1971 has more cash than its total debt.
Reducing Debt: 1971's debt to equity ratio has reduced from 29.9% to 4% over the past 5 years.
Debt Coverage: 1971's debt is well covered by operating cash flow (229.4%).
Interest Coverage: 1971's interest payments on its debt are well covered by EBIT (231.3x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/28 12:42 |
| End of Day Share Price | 2024/12/27 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Redsun Services Group Limited is covered by 3 analysts. 0 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 |
|---|---|
| Siu-Fung Lung | CCB International Securities Limited |
| HuiJie Chan | CEB International Capital Corporation Limited |
| null null | CMB International Securities Limited |