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 |
Recent financial health updates
No updates
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).