Risuntek Balance Sheet Health
Financial Health criteria checks 5/6
Risuntek has a total shareholder equity of CN¥958.5M and total debt of CN¥134.8M, which brings its debt-to-equity ratio to 14.1%. Its total assets and total liabilities are CN¥1.5B and CN¥516.1M respectively. Risuntek's EBIT is CN¥118.4M making its interest coverage ratio -872.1. It has cash and short-term investments of CN¥120.2M.
Key information
14.1%
Debt to equity ratio
CN¥134.81m
Debt
Interest coverage ratio | -872.1x |
Cash | CN¥120.18m |
Equity | CN¥958.45m |
Total liabilities | CN¥516.06m |
Total assets | CN¥1.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002981's short term assets (CN¥651.1M) exceed its short term liabilities (CN¥440.7M).
Long Term Liabilities: 002981's short term assets (CN¥651.1M) exceed its long term liabilities (CN¥75.3M).
Debt to Equity History and Analysis
Debt Level: 002981's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: 002981's debt to equity ratio has increased from 1.2% to 14.1% over the past 5 years.
Debt Coverage: 002981's debt is well covered by operating cash flow (82.8%).
Interest Coverage: 002981 earns more interest than it pays, so coverage of interest payments is not a concern.