Rayhoo Motor DiesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Rayhoo Motor DiesLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥367.8M, which brings its debt-to-equity ratio to 15.8%. Its total assets and total liabilities are CN¥5.7B and CN¥3.4B respectively. Rayhoo Motor DiesLtd's EBIT is CN¥244.7M making its interest coverage ratio -2.7. It has cash and short-term investments of CN¥620.1M.
Key information
15.8%
Debt to equity ratio
CN¥367.85m
Debt
| Interest coverage ratio | -2.7x |
| Cash | CN¥620.12m |
| Equity | CN¥2.33b |
| Total liabilities | CN¥3.35b |
| Total assets | CN¥5.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002997's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.0B).
Long Term Liabilities: 002997's short term assets (CN¥3.7B) exceed its long term liabilities (CN¥331.3M).
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 14.3% to 15.8% over the past 5 years.
Debt Coverage: 002997's debt is well covered by operating cash flow (22.6%).
Interest Coverage: 002997 earns more interest than it pays, so coverage of interest payments is not a concern.