Hangzhou Raycloud TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
Hangzhou Raycloud TechnologyLtd has a total shareholder equity of CN¥970.5M and total debt of CN¥169.6M, which brings its debt-to-equity ratio to 17.5%. Its total assets and total liabilities are CN¥1.7B and CN¥698.8M respectively.
Key information
17.5%
Debt to equity ratio
CN¥169.57m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥286.20m |
| Equity | CN¥970.55m |
| Total liabilities | CN¥698.78m |
| Total assets | CN¥1.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688365's short term assets (CN¥428.4M) do not cover its short term liabilities (CN¥536.6M).
Long Term Liabilities: 688365's short term assets (CN¥428.4M) exceed its long term liabilities (CN¥162.1M).
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 17.5% over the past 5 years.
Debt Coverage: 688365's debt is well covered by operating cash flow (37.5%).
Interest Coverage: Insufficient data to determine if 688365's interest payments on its debt are well covered by EBIT.