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¥419.7M, which brings its debt-to-equity ratio to 31.7%. Its total assets and total liabilities are CN¥2.3B and CN¥962.8M respectively. Fujian Raynen Technology's EBIT is CN¥65.7M making its interest coverage ratio 5.8. It has cash and short-term investments of CN¥219.1M.
Key information
31.7%
Debt to equity ratio
CN¥419.75m
Debt
Interest coverage ratio | 5.8x |
Cash | CN¥219.12m |
Equity | CN¥1.32b |
Total liabilities | CN¥962.80m |
Total assets | CN¥2.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603933's short term assets (CN¥1.7B) exceed its short term liabilities (CN¥881.0M).
Long Term Liabilities: 603933's short term assets (CN¥1.7B) exceed its long term liabilities (CN¥81.8M).
Debt to Equity History and Analysis
Debt Level: 603933's net debt to equity ratio (15.2%) is considered satisfactory.
Reducing Debt: 603933's debt to equity ratio has increased from 19.8% to 31.7% over the past 5 years.
Debt Coverage: 603933's debt is well covered by operating cash flow (39.3%).
Interest Coverage: 603933's interest payments on its debt are well covered by EBIT (5.8x coverage).