Novoray Balance Sheet Health
Financial Health criteria checks 6/6
Novoray has a total shareholder equity of CN¥1.4B and total debt of CN¥95.5M, which brings its debt-to-equity ratio to 6.6%. Its total assets and total liabilities are CN¥1.9B and CN¥477.5M respectively. Novoray's EBIT is CN¥241.9M making its interest coverage ratio -16.4. It has cash and short-term investments of CN¥420.8M.
Key information
6.6%
Debt to equity ratio
CN¥95.54m
Debt
| Interest coverage ratio | -16.4x |
| Cash | CN¥420.81m |
| Equity | CN¥1.44b |
| Total liabilities | CN¥477.46m |
| Total assets | CN¥1.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688300's short term assets (CN¥1.0B) exceed its short term liabilities (CN¥316.5M).
Long Term Liabilities: 688300's short term assets (CN¥1.0B) exceed its long term liabilities (CN¥161.0M).
Debt to Equity History and Analysis
Debt Level: 688300 has more cash than its total debt.
Reducing Debt: 688300's debt to equity ratio has reduced from 7.8% to 6.6% over the past 5 years.
Debt Coverage: 688300's debt is well covered by operating cash flow (259.6%).
Interest Coverage: 688300 earns more interest than it pays, so coverage of interest payments is not a concern.