Guangdong Rifeng Electric Cable Balance Sheet Health
Financial Health criteria checks 5/6
Guangdong Rifeng Electric Cable has a total shareholder equity of CN¥1.9B and total debt of CN¥587.0M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥3.4B and CN¥1.6B respectively. Guangdong Rifeng Electric Cable's EBIT is CN¥181.5M making its interest coverage ratio 11.7. It has cash and short-term investments of CN¥279.2M.
Key information
31.7%
Debt to equity ratio
CN¥586.97m
Debt
| Interest coverage ratio | 11.7x |
| Cash | CN¥279.16m |
| Equity | CN¥1.85b |
| Total liabilities | CN¥1.59b |
| Total assets | CN¥3.44b |
Financial Position Analysis
Short Term Liabilities: 002953's short term assets (CN¥2.5B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 002953's short term assets (CN¥2.5B) exceed its long term liabilities (CN¥208.8M).
Debt to Equity History and Analysis
Debt Level: 002953's net debt to equity ratio (16.6%) is considered satisfactory.
Reducing Debt: 002953's debt to equity ratio has increased from 6.5% to 31.7% over the past 5 years.
Debt Coverage: 002953's debt is well covered by operating cash flow (49%).
Interest Coverage: 002953's interest payments on its debt are well covered by EBIT (11.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 15:43 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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Industry and Sector Metrics
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Analyst Sources
Guangdong Rifeng Electric Cable Co., Ltd. is covered by 0 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.
| Analyst | Institution |
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