Guangzhou Ruoyuchen TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Guangzhou Ruoyuchen TechnologyLtd has a total shareholder equity of CN¥1.1B and total debt of CN¥131.0M, which brings its debt-to-equity ratio to 12.2%. Its total assets and total liabilities are CN¥1.3B and CN¥209.8M respectively. Guangzhou Ruoyuchen TechnologyLtd's EBIT is CN¥28.8M making its interest coverage ratio -7.7. It has cash and short-term investments of CN¥311.5M.
Key information
12.2%
Debt to equity ratio
CN¥131.01m
Debt
Interest coverage ratio | -7.7x |
Cash | CN¥311.48m |
Equity | CN¥1.07b |
Total liabilities | CN¥209.83m |
Total assets | CN¥1.28b |
Financial Position Analysis
Short Term Liabilities: 003010's short term assets (CN¥979.6M) exceed its short term liabilities (CN¥205.4M).
Long Term Liabilities: 003010's short term assets (CN¥979.6M) exceed its long term liabilities (CN¥4.5M).
Debt to Equity History and Analysis
Debt Level: 003010 has more cash than its total debt.
Reducing Debt: 003010's debt to equity ratio has reduced from 15.5% to 12.2% over the past 5 years.
Debt Coverage: 003010's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 003010 earns more interest than it pays, so coverage of interest payments is not a concern.