Rayitek Hi-Tech Film Company Ltd., Shenzhen

SHSE:688323 Stock Report

Market Cap: CN¥2.3b

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 130.1%. Its total assets and total liabilities are CN¥2.5B and CN¥1.5B respectively.

Key information

130.1%

Debt to equity ratio

CN¥1.24b

Debt

Interest coverage ration/a
CashCN¥95.44m
EquityCN¥950.69m
Total liabilitiesCN¥1.54b
Total assetsCN¥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
Market Participants Recognise Rayitek Hi-Tech Film Company Ltd., Shenzhen's (SHSE:688323) Revenues Pushing Shares 44% Higher

Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless

Jun 06
Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Slammed 27% But Getting In Cheap Might Be Difficult Regardless

After Leaping 29% Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Are Not Flying Under The Radar

Mar 13
After Leaping 29% Rayitek Hi-Tech Film Company Ltd., Shenzhen (SHSE:688323) Shares Are Not Flying Under The Radar

Financial 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 (120.1%) is considered high.

Reducing Debt: 688323's debt to equity ratio has increased from 43.8% to 130.1% 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.


Balance Sheet


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