Richinfo Technology Balance Sheet Health
Financial Health criteria checks 6/6
Richinfo Technology has a total shareholder equity of CN¥2.7B and total debt of CN¥57.8M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are CN¥3.3B and CN¥594.9M respectively. Richinfo Technology's EBIT is CN¥178.2M making its interest coverage ratio -4.8. It has cash and short-term investments of CN¥1.2B.
Key information
2.1%
Debt to equity ratio
CN¥57.77m
Debt
Interest coverage ratio | -4.8x |
Cash | CN¥1.19b |
Equity | CN¥2.70b |
Total liabilities | CN¥594.88m |
Total assets | CN¥3.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 300634's short term assets (CN¥2.4B) exceed its short term liabilities (CN¥557.6M).
Long Term Liabilities: 300634's short term assets (CN¥2.4B) exceed its long term liabilities (CN¥37.3M).
Debt to Equity History and Analysis
Debt Level: 300634 has more cash than its total debt.
Reducing Debt: 300634's debt to equity ratio has reduced from 8.1% to 2.1% over the past 5 years.
Debt Coverage: 300634's debt is well covered by operating cash flow (295.1%).
Interest Coverage: 300634 earns more interest than it pays, so coverage of interest payments is not a concern.