iRay Technology Balance Sheet Health
Financial Health criteria checks 4/6
iRay Technology has a total shareholder equity of CN¥4.6B and total debt of CN¥2.9B, which brings its debt-to-equity ratio to 62.7%. Its total assets and total liabilities are CN¥8.2B and CN¥3.6B respectively. iRay Technology's EBIT is CN¥495.6M making its interest coverage ratio -18. It has cash and short-term investments of CN¥1.7B.
Key information
62.7%
Debt to equity ratio
CN¥2.88b
Debt
| Interest coverage ratio | -18x |
| Cash | CN¥1.69b |
| Equity | CN¥4.60b |
| Total liabilities | CN¥3.60b |
| Total assets | CN¥8.20b |
Recent financial health updates
Recent updates
Is iRay Technology (SHSE:688301) A Risky Investment?
Nov 18
iRay Technology Company Limited (SHSE:688301) Soars 25% But It's A Story Of Risk Vs Reward
Sep 28iRay Technology (SHSE:688301) Might Be Having Difficulty Using Its Capital Effectively
Sep 27iRay Technology's (SHSE:688301) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 26iRay Technology Company Limited Just Missed EPS By 12%: Here's What Analysts Think Will Happen Next
Apr 23Are iRay Technology Company Limited (SHSE:688301) Investors Paying Above The Intrinsic Value?
Apr 11Slowing Rates Of Return At iRay Technology (SHSE:688301) Leave Little Room For Excitement
Mar 21With iRay Technology Company Limited (SHSE:688301) It Looks Like You'll Get What You Pay For
Feb 28Financial Position Analysis
Short Term Liabilities: 688301's short term assets (CN¥3.5B) exceed its short term liabilities (CN¥636.3M).
Long Term Liabilities: 688301's short term assets (CN¥3.5B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 688301's net debt to equity ratio (25.8%) is considered satisfactory.
Reducing Debt: 688301's debt to equity ratio has increased from 6.3% to 62.7% over the past 5 years.
Debt Coverage: 688301's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 688301 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 18:34 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
iRay Technology Company Limited is covered by 20 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jiongyi Hu | China International Capital Corporation Limited |
| Shuo Song | Citic Securities Co., Ltd. |
| Zhu Chen | Citic Securities Co., Ltd. |