Hangzhou Raycloud TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Hangzhou Raycloud TechnologyLtd has a total shareholder equity of CN¥1.0B and total debt of CN¥167.2M, which brings its debt-to-equity ratio to 16.6%. Its total assets and total liabilities are CN¥1.6B and CN¥589.4M respectively.
Key information
16.6%
Debt to equity ratio
CN¥167.21m
Debt
Interest coverage ratio | n/a |
Cash | CN¥300.52m |
Equity | CN¥1.01b |
Total liabilities | CN¥589.41m |
Total assets | CN¥1.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688365's short term assets (CN¥445.6M) exceed its short term liabilities (CN¥433.4M).
Long Term Liabilities: 688365's short term assets (CN¥445.6M) exceed its long term liabilities (CN¥156.0M).
Debt to Equity History and Analysis
Debt Level: 688365 has more cash than its total debt.
Reducing Debt: 688365's debt to equity ratio has increased from 0% to 16.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 688365 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 688365 has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 64.4% each year