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 ratio | 0.02x |
| Cash | CN¥292.69m |
| Equity | CN¥1.11b |
| Total liabilities | CN¥2.77b |
| Total assets | CN¥3.88b |
Recent financial health updates
Recent updates
Is Zhejiang RIFA Precision Machinery (SZSE:002520) Using Too Much Debt?
Oct 29
Optimistic Investors Push Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Shares Up 26% But Growth Is Lacking
Sep 05Benign Growth For Zhejiang RIFA Precision Machinery Co., Ltd. (SZSE:002520) Underpins Stock's 27% Plummet
May 28Zhejiang RIFA Precision Machinery's (SZSE:002520) Returns On Capital Tell Us There Is Reason To Feel Uneasy
May 27Zhejiang RIFA Precision Machinery Co., Ltd.'s (SZSE:002520) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 04Financial 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.