Zhejiang Risun Intelligent TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Zhejiang Risun Intelligent TechnologyLtd has a total shareholder equity of CN¥485.6M and total debt of CN¥100.0M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are CN¥759.3M and CN¥273.7M respectively. Zhejiang Risun Intelligent TechnologyLtd's EBIT is CN¥13.5M making its interest coverage ratio -25.3. It has cash and short-term investments of CN¥70.7M.
Key information
20.6%
Debt to equity ratio
CN¥100.03m
Debt
Interest coverage ratio | -25.3x |
Cash | CN¥70.74m |
Equity | CN¥485.60m |
Total liabilities | CN¥273.74m |
Total assets | CN¥759.34m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688215's short term assets (CN¥483.6M) exceed its short term liabilities (CN¥269.7M).
Long Term Liabilities: 688215's short term assets (CN¥483.6M) exceed its long term liabilities (CN¥4.0M).
Debt to Equity History and Analysis
Debt Level: 688215's net debt to equity ratio (6%) is considered satisfactory.
Reducing Debt: 688215's debt to equity ratio has reduced from 26.2% to 20.6% over the past 5 years.
Debt Coverage: 688215's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688215 earns more interest than it pays, so coverage of interest payments is not a concern.