Road Environment TechnologyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Road Environment TechnologyLtd has a total shareholder equity of CN¥945.2M and total debt of CN¥457.9M, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are CN¥1.7B and CN¥765.8M respectively. Road Environment TechnologyLtd's EBIT is CN¥18.7M making its interest coverage ratio 3.9. It has cash and short-term investments of CN¥236.2M.
Key information
48.4%
Debt to equity ratio
CN¥457.87m
Debt
| Interest coverage ratio | 3.9x |
| Cash | CN¥236.22m |
| Equity | CN¥945.21m |
| Total liabilities | CN¥765.78m |
| Total assets | CN¥1.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688156's short term assets (CN¥712.0M) exceed its short term liabilities (CN¥488.8M).
Long Term Liabilities: 688156's short term assets (CN¥712.0M) exceed its long term liabilities (CN¥277.0M).
Debt to Equity History and Analysis
Debt Level: 688156's net debt to equity ratio (23.4%) is considered satisfactory.
Reducing Debt: 688156's debt to equity ratio has increased from 1.9% to 48.4% over the past 5 years.
Debt Coverage: 688156's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688156's interest payments on its debt are well covered by EBIT (3.9x coverage).