Fujian Raynen Technology Balance Sheet Health
Financial Health criteria checks 5/6
Fujian Raynen Technology has a total shareholder equity of CN¥1.3B and total debt of CN¥371.3M, which brings its debt-to-equity ratio to 27.7%. Its total assets and total liabilities are CN¥2.3B and CN¥948.5M respectively. Fujian Raynen Technology's EBIT is CN¥74.5M making its interest coverage ratio 7.3. It has cash and short-term investments of CN¥178.3M.
Key information
27.7%
Debt to equity ratio
CN¥371.33m
Debt
| Interest coverage ratio | 7.3x |
| Cash | CN¥178.26m |
| Equity | CN¥1.34b |
| Total liabilities | CN¥948.51m |
| Total assets | CN¥2.29b |
Recent financial health updates
No updates
Recent updates
We Think That There Are Issues Underlying Fujian Raynen Technology's (SHSE:603933) Earnings
Nov 04
Fujian Raynen Technology Co., Ltd.'s (SHSE:603933) Price Is Out Of Tune With Earnings
Sep 28Fujian Raynen Technology Co., Ltd. (SHSE:603933) Investors Are Less Pessimistic Than Expected
Jun 07Some Investors May Be Worried About Fujian Raynen Technology's (SHSE:603933) Returns On Capital
Apr 23Concerns Surrounding Fujian Raynen Technology's (SHSE:603933) Performance
Apr 02Earnings Tell The Story For Fujian Raynen Technology Co., Ltd. (SHSE:603933) As Its Stock Soars 27%
Feb 27Financial Position Analysis
Short Term Liabilities: 603933's short term assets (CN¥1.6B) exceed its short term liabilities (CN¥895.3M).
Long Term Liabilities: 603933's short term assets (CN¥1.6B) exceed its long term liabilities (CN¥53.2M).
Debt to Equity History and Analysis
Debt Level: 603933's net debt to equity ratio (14.4%) is considered satisfactory.
Reducing Debt: 603933's debt to equity ratio has increased from 15.4% to 27.7% over the past 5 years.
Debt Coverage: 603933's debt is well covered by operating cash flow (40.3%).
Interest Coverage: 603933's interest payments on its debt are well covered by EBIT (7.3x coverage).