Guangdong Rifeng Electric Cable Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Rifeng Electric Cable has a total shareholder equity of CN¥1.8B and total debt of CN¥560.6M, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are CN¥3.2B and CN¥1.4B respectively. Guangdong Rifeng Electric Cable's EBIT is CN¥184.7M making its interest coverage ratio 448. It has cash and short-term investments of CN¥281.7M.
Key information
31.2%
Debt to equity ratio
CN¥560.62m
Debt
Interest coverage ratio | 448x |
Cash | CN¥281.69m |
Equity | CN¥1.80b |
Total liabilities | CN¥1.36b |
Total assets | CN¥3.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002953's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥1.2B).
Long Term Liabilities: 002953's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥136.0M).
Debt to Equity History and Analysis
Debt Level: 002953's net debt to equity ratio (15.5%) is considered satisfactory.
Reducing Debt: 002953's debt to equity ratio has increased from 25.8% to 31.2% over the past 5 years.
Debt Coverage: 002953's debt is well covered by operating cash flow (37.8%).
Interest Coverage: 002953's interest payments on its debt are well covered by EBIT (448x coverage).