Zhejiang Risun Intelligent TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Risun Intelligent TechnologyLtd has a total shareholder equity of CN¥486.6M and total debt of CN¥125.9M, which brings its debt-to-equity ratio to 25.9%. Its total assets and total liabilities are CN¥787.2M and CN¥300.6M respectively. Zhejiang Risun Intelligent TechnologyLtd's EBIT is CN¥12.1M making its interest coverage ratio -34.2. It has cash and short-term investments of CN¥84.4M.
Key information
25.9%
Debt to equity ratio
CN¥125.95m
Debt
| Interest coverage ratio | -34.2x |
| Cash | CN¥84.44m |
| Equity | CN¥486.56m |
| Total liabilities | CN¥300.59m |
| Total assets | CN¥787.15m |
Recent financial health updates
No updates
Recent updates
Zhejiang Risun Intelligent Technology Co.,Ltd (SHSE:688215) Stock Rockets 34% But Many Are Still Ignoring The Company
Oct 18
Returns On Capital Signal Tricky Times Ahead For Zhejiang Risun Intelligent TechnologyLtd (SHSE:688215)
Sep 30Zhejiang Risun Intelligent TechnologyLtd's (SHSE:688215) Solid Earnings May Rest On Weak Foundations
Sep 03Returns On Capital Signal Tricky Times Ahead For Zhejiang Risun Intelligent TechnologyLtd (SHSE:688215)
Apr 16Even With A 46% Surge, Cautious Investors Are Not Rewarding Zhejiang Risun Intelligent Technology Co.,Ltd's (SHSE:688215) Performance Completely
Mar 08Financial Position Analysis
Short Term Liabilities: 688215's short term assets (CN¥516.9M) exceed its short term liabilities (CN¥288.2M).
Long Term Liabilities: 688215's short term assets (CN¥516.9M) exceed its long term liabilities (CN¥12.4M).
Debt to Equity History and Analysis
Debt Level: 688215's net debt to equity ratio (8.5%) is considered satisfactory.
Reducing Debt: 688215's debt to equity ratio has increased from 14.1% to 25.9% 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.