Zhejiang RIFA Precision Machinery Balance Sheet Health
Financial Health criteria checks 3/6
Zhejiang RIFA Precision Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥1.5B, which brings its debt-to-equity ratio to 125.7%. Its total assets and total liabilities are CN¥4.1B and CN¥2.9B respectively. Zhejiang RIFA Precision Machinery's EBIT is CN¥2.5M making its interest coverage ratio 0.1. It has cash and short-term investments of CN¥349.4M.
Key information
125.7%
Debt to equity ratio
CN¥1.54b
Debt
Interest coverage ratio | 0.1x |
Cash | CN¥349.44m |
Equity | CN¥1.22b |
Total liabilities | CN¥2.88b |
Total assets | CN¥4.10b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002520's short term assets (CN¥2.1B) do not cover its short term liabilities (CN¥2.7B).
Long Term Liabilities: 002520's short term assets (CN¥2.1B) exceed its long term liabilities (CN¥163.4M).
Debt to Equity History and Analysis
Debt Level: 002520's net debt to equity ratio (97.1%) is considered high.
Reducing Debt: 002520's debt to equity ratio has increased from 58.3% to 125.7% 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 42.7% per year.