Guangzhou Risong Intelligent Technology Holding Balance Sheet Health
Financial Health criteria checks 6/6
Guangzhou Risong Intelligent Technology Holding has a total shareholder equity of CN¥928.6M and total debt of CN¥120.4M, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are CN¥1.6B and CN¥661.2M respectively. Guangzhou Risong Intelligent Technology Holding's EBIT is CN¥8.2M making its interest coverage ratio -7.3. It has cash and short-term investments of CN¥348.8M.
Key information
13.0%
Debt to equity ratio
CN¥120.44m
Debt
| Interest coverage ratio | -7.3x |
| Cash | CN¥348.82m |
| Equity | CN¥928.55m |
| Total liabilities | CN¥661.17m |
| Total assets | CN¥1.59b |
Recent financial health updates
No updates
Recent updates
Guangzhou Risong Intelligent Technology Holding's (SHSE:688090) Earnings Might Not Be As Promising As They Seem
Apr 22
Guangzhou Risong Intelligent Technology Holding (SHSE:688090) Will Want To Turn Around Its Return Trends
Apr 16Guangzhou Risong Intelligent Technology Holding Co., Ltd.'s (SHSE:688090) Share Price Boosted 31% But Its Business Prospects Need A Lift Too
Mar 06Financial Position Analysis
Short Term Liabilities: 688090's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥604.9M).
Long Term Liabilities: 688090's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥56.3M).
Debt to Equity History and Analysis
Debt Level: 688090 has more cash than its total debt.
Reducing Debt: 688090's debt to equity ratio has reduced from 51.6% to 13% over the past 5 years.
Debt Coverage: 688090's debt is well covered by operating cash flow (73.3%).
Interest Coverage: 688090 earns more interest than it pays, so coverage of interest payments is not a concern.