Rayhoo Motor DiesLtd Balance Sheet Health
Financial Health criteria checks 4/6
Rayhoo Motor DiesLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥448.6M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are CN¥5.4B and CN¥3.2B respectively. Rayhoo Motor DiesLtd's EBIT is CN¥165.5M making its interest coverage ratio -1.8. It has cash and short-term investments of CN¥707.4M.
Key information
20.6%
Debt to equity ratio
CN¥448.57m
Debt
Interest coverage ratio | -1.8x |
Cash | CN¥707.39m |
Equity | CN¥2.18b |
Total liabilities | CN¥3.25b |
Total assets | CN¥5.43b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002997's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 002997's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥346.9M).
Debt to Equity History and Analysis
Debt Level: 002997 has more cash than its total debt.
Reducing Debt: 002997's debt to equity ratio has increased from 15.7% to 20.6% over the past 5 years.
Debt Coverage: 002997's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 002997 earns more interest than it pays, so coverage of interest payments is not a concern.