HONG RI DA Technology Balance Sheet Health
Financial Health criteria checks 5/6
HONG RI DA Technology has a total shareholder equity of CN¥1.1B and total debt of CN¥520.4M, which brings its debt-to-equity ratio to 48.9%. Its total assets and total liabilities are CN¥2.0B and CN¥928.2M respectively. HONG RI DA Technology's EBIT is CN¥13.3M making its interest coverage ratio 18.6. It has cash and short-term investments of CN¥542.5M.
Key information
48.9%
Debt to equity ratio
CN¥520.43m
Debt
| Interest coverage ratio | 18.6x |
| Cash | CN¥542.52m |
| Equity | CN¥1.06b |
| Total liabilities | CN¥928.16m |
| Total assets | CN¥1.99b |
Recent financial health updates
We Think HONG RI DA Technology (SZSE:301285) Is Taking Some Risk With Its Debt
Nov 27
HONG RI DA Technology (SZSE:301285) Has A Pretty Healthy Balance Sheet
Jun 06Recent updates
HONG RI DA Technology Company Limited (SZSE:301285) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Dec 02We Think HONG RI DA Technology (SZSE:301285) Is Taking Some Risk With Its Debt
Nov 27HONG RI DA Technology's (SZSE:301285) Earnings Are Built On Soft Foundations
Nov 05Investors Could Be Concerned With HONG RI DA Technology's (SZSE:301285) Returns On Capital
Oct 29HONG RI DA Technology (SZSE:301285) May Have Issues Allocating Its Capital
Jul 04HONG RI DA Technology (SZSE:301285) Has A Pretty Healthy Balance Sheet
Jun 06HONG RI DA Technology's (SZSE:301285) Earnings May Just Be The Starting Point
Apr 30Subdued Growth No Barrier To HONG RI DA Technology Company Limited (SZSE:301285) With Shares Advancing 30%
Mar 03Financial Position Analysis
Short Term Liabilities: 301285's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥868.2M).
Long Term Liabilities: 301285's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥60.0M).
Debt to Equity History and Analysis
Debt Level: 301285 has more cash than its total debt.
Reducing Debt: 301285's debt to equity ratio has reduced from 52.9% to 48.9% over the past 5 years.
Debt Coverage: 301285's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: 301285's interest payments on its debt are well covered by EBIT (18.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/04 02:01 |
| End of Day Share Price | 2025/01/03 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
HONG RI DA Technology Company Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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