iRay Technology Balance Sheet Health
Financial Health criteria checks 4/6
iRay Technology has a total shareholder equity of CN¥4.5B and total debt of CN¥2.8B, which brings its debt-to-equity ratio to 63.3%. Its total assets and total liabilities are CN¥8.1B and CN¥3.6B respectively. iRay Technology's EBIT is CN¥636.8M making its interest coverage ratio -18.9. It has cash and short-term investments of CN¥2.3B.
Key information
63.3%
Debt to equity ratio
CN¥2.85b
Debt
Interest coverage ratio | -18.9x |
Cash | CN¥2.27b |
Equity | CN¥4.50b |
Total liabilities | CN¥3.58b |
Total assets | CN¥8.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688301's short term assets (CN¥4.0B) exceed its short term liabilities (CN¥607.6M).
Long Term Liabilities: 688301's short term assets (CN¥4.0B) exceed its long term liabilities (CN¥3.0B).
Debt to Equity History and Analysis
Debt Level: 688301's net debt to equity ratio (12.8%) is considered satisfactory.
Reducing Debt: 688301's debt to equity ratio has increased from 2.3% to 63.3% over the past 5 years.
Debt Coverage: 688301's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: 688301 earns more interest than it pays, so coverage of interest payments is not a concern.