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.