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
Fujian Raynen Technology Co., Ltd. (SHSE:603933) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Dec 02
We Think That There Are Issues Underlying Fujian Raynen Technology's (SHSE:603933) Earnings
Nov 04Fujian 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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 07:36 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Fujian Raynen Technology Co., Ltd. is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yang Yang | Huatai Research |
| Yuming Yuan | Industrial Securities Co. Ltd. |