Jiangsu Riying ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Jiangsu Riying ElectronicsLtd has a total shareholder equity of CN¥883.4M and total debt of CN¥475.0M, which brings its debt-to-equity ratio to 53.8%. Its total assets and total liabilities are CN¥1.7B and CN¥826.0M respectively. Jiangsu Riying ElectronicsLtd's EBIT is CN¥25.3M making its interest coverage ratio -9.9. It has cash and short-term investments of CN¥423.8M.
Key information
53.8%
Debt to equity ratio
CN¥475.03m
Debt
Interest coverage ratio | -9.9x |
Cash | CN¥423.80m |
Equity | CN¥883.37m |
Total liabilities | CN¥825.96m |
Total assets | CN¥1.71b |
Financial Position Analysis
Short Term Liabilities: 603286's short term assets (CN¥886.5M) exceed its short term liabilities (CN¥805.6M).
Long Term Liabilities: 603286's short term assets (CN¥886.5M) exceed its long term liabilities (CN¥20.3M).
Debt to Equity History and Analysis
Debt Level: 603286's net debt to equity ratio (5.8%) is considered satisfactory.
Reducing Debt: 603286's debt to equity ratio has increased from 26.8% to 53.8% over the past 5 years.
Debt Coverage: 603286's debt is not well covered by operating cash flow (7.8%).
Interest Coverage: 603286 earns more interest than it pays, so coverage of interest payments is not a concern.