WebRAY Tech(Beijing) Balance Sheet Health
Financial Health criteria checks 5/6
WebRAY Tech(Beijing) has a total shareholder equity of CN¥990.3M and total debt of CN¥2.9M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are CN¥1.1B and CN¥154.8M respectively. WebRAY Tech(Beijing)'s EBIT is CN¥38.9M making its interest coverage ratio -124.4. It has cash and short-term investments of CN¥736.9M.
Key information
0.3%
Debt to equity ratio
CN¥2.90m
Debt
Interest coverage ratio | -124.4x |
Cash | CN¥736.95m |
Equity | CN¥990.34m |
Total liabilities | CN¥154.81m |
Total assets | CN¥1.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688651's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥146.6M).
Long Term Liabilities: 688651's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥8.3M).
Debt to Equity History and Analysis
Debt Level: 688651 has more cash than its total debt.
Reducing Debt: 688651's debt to equity ratio has reduced from 1.3% to 0.3% over the past 5 years.
Debt Coverage: 688651's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 688651 earns more interest than it pays, so coverage of interest payments is not a concern.