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
We 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).