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¥963.2M and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 124.6%. Its total assets and total liabilities are CN¥2.4B and CN¥1.5B respectively.
Key information
124.6%
Debt to equity ratio
CN¥1.20b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥70.40m |
| Equity | CN¥963.23m |
| Total liabilities | CN¥1.47b |
| Total assets | CN¥2.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688323's short term assets (CN¥285.4M) exceed its short term liabilities (CN¥281.1M).
Long Term Liabilities: 688323's short term assets (CN¥285.4M) 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 (117.3%) is considered high.
Reducing Debt: 688323's debt to equity ratio has increased from 44.3% to 124.6% over the past 5 years.
Debt Coverage: 688323's debt is not well covered by operating cash flow (4.8%).
Interest Coverage: Insufficient data to determine if 688323's interest payments on its debt are well covered by EBIT.