Guangdong Rifeng Electric Cable Co., Ltd.

SZSE:002953 Stock Report

Market Cap: CN¥3.9b

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 ratio11.7x
CashCN¥279.16m
EquityCN¥1.85b
Total liabilitiesCN¥1.59b
Total assetsCN¥3.44b

Recent financial health updates

No updates

Recent updates

Guangdong Rifeng Electric Cable Co., Ltd.'s (SZSE:002953) 27% Price Boost Is Out Of Tune With Earnings

Mar 07
Guangdong Rifeng Electric Cable Co., Ltd.'s (SZSE:002953) 27% Price Boost Is Out Of Tune With Earnings

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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