Rayitek Hi-Tech Film Company Shenzhen Balance Sheet Health
Financial Health criteria checks 1/6
Rayitek Hi-Tech Film Company Shenzhen has a total shareholder equity of CN¥950.7M and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 130.4%. Its total assets and total liabilities are CN¥2.5B and CN¥1.5B respectively.
Key information
130.4%
Debt to equity ratio
CN¥1.24b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥95.44m |
| Equity | CN¥950.69m |
| Total liabilities | CN¥1.54b |
| Total assets | CN¥2.49b |
Recent financial health updates
No updates
Recent updates
Market Participants Recognise Rayitek Hi-Tech Film Company Ltd., Shenzhen's (SHSE:688323) Revenues Pushing Shares 44% Higher
Oct 08
Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless
Jun 06After Leaping 29% Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Are Not Flying Under The Radar
Mar 13Financial Position Analysis
Short Term Liabilities: 688323's short term assets (CN¥345.6M) exceed its short term liabilities (CN¥312.8M).
Long Term Liabilities: 688323's short term assets (CN¥345.6M) do not cover its long term liabilities (CN¥1.2B).
Debt to Equity History and Analysis
Debt Level: 688323's net debt to equity ratio (120.4%) is considered high.
Reducing Debt: 688323's debt to equity ratio has increased from 43.8% to 130.4% over the past 5 years.
Debt Coverage: 688323's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: Insufficient data to determine if 688323's interest payments on its debt are well covered by EBIT.