Zhejiang RIFA Precision Machinery Co., Ltd.

SZSE:002520 Stock Report

Market Cap: CN¥4.2b

Zhejiang RIFA Precision Machinery Balance Sheet Health

Financial Health criteria checks 3/6

Zhejiang RIFA Precision Machinery has a total shareholder equity of CN¥1.1B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 128.3%. Its total assets and total liabilities are CN¥3.9B and CN¥2.8B respectively. Zhejiang RIFA Precision Machinery's EBIT is CN¥1.4M making its interest coverage ratio 0. It has cash and short-term investments of CN¥292.7M.

Key information

128.3%

Debt to equity ratio

CN¥1.42b

Debt

Interest coverage ratio0.02x
CashCN¥292.69m
EquityCN¥1.11b
Total liabilitiesCN¥2.77b
Total assetsCN¥3.88b

Recent financial health updates

Is Zhejiang RIFA Precision Machinery (SZSE:002520) Using Too Much Debt?

Oct 29
Is Zhejiang RIFA Precision Machinery (SZSE:002520) Using Too Much Debt?

Recent updates

Zhejiang RIFA Precision Machinery's (SZSE:002520) Returns On Capital Not Reflecting Well On The Business

Dec 25
Zhejiang RIFA Precision Machinery's (SZSE:002520) Returns On Capital Not Reflecting Well On The Business

Zhejiang RIFA Precision Machinery Co., Ltd.'s (SZSE:002520) Price Is Right But Growth Is Lacking After Shares Rocket 34%

Dec 03
Zhejiang RIFA Precision Machinery Co., Ltd.'s (SZSE:002520) Price Is Right But Growth Is Lacking After Shares Rocket 34%

Is Zhejiang RIFA Precision Machinery (SZSE:002520) Using Too Much Debt?

Oct 29
Is Zhejiang RIFA Precision Machinery (SZSE:002520) Using Too Much Debt?

Optimistic Investors Push Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Shares Up 26% But Growth Is Lacking

Sep 05
Optimistic Investors Push Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Shares Up 26% But Growth Is Lacking

Benign Growth For Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Underpins Stock's 27% Plummet

May 28
Benign Growth For Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Underpins Stock's 27% Plummet

Zhejiang RIFA Precision Machinery's (SZSE:002520) Returns On Capital Tell Us There Is Reason To Feel Uneasy

May 27
Zhejiang RIFA Precision Machinery's (SZSE:002520) Returns On Capital Tell Us There Is Reason To Feel Uneasy

Zhejiang RIFA Precision Machinery Co., Ltd.'s (SZSE:002520) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Mar 04
Zhejiang RIFA Precision Machinery Co., Ltd.'s (SZSE:002520) Price Is Right But Growth Is Lacking After Shares Rocket 26%

Financial Position Analysis

Short Term Liabilities: 002520's short term assets (CN¥2.0B) do not cover its short term liabilities (CN¥2.6B).

Long Term Liabilities: 002520's short term assets (CN¥2.0B) exceed its long term liabilities (CN¥162.6M).

Debt to Equity History and Analysis

Debt Level: 002520's net debt to equity ratio (101.8%) is considered high.

Reducing Debt: 002520's debt to equity ratio has increased from 72.5% to 128.3% over the past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Whilst unprofitable 002520 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: 002520 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 54.1% per year.

Discover healthy companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/06 21:09
End of Day Share Price 2025/01/06 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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

Zhejiang RIFA Precision Machinery Co., Ltd. is covered by 10 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.

AnalystInstitution
Yu ZhangCentral China Securities Co., Ltd.
Wei WangChina Merchants Securities Co. Ltd.
Zhou LuEverbright Securities Co. Ltd.