HONG RI DA Technology Balance Sheet Health
Financial Health criteria checks 4/6
HONG RI DA Technology has a total shareholder equity of CN¥1.0B and total debt of CN¥468.3M, which brings its debt-to-equity ratio to 45%. Its total assets and total liabilities are CN¥1.9B and CN¥831.2M respectively. HONG RI DA Technology's EBIT is CN¥29.5M making its interest coverage ratio -9.3. It has cash and short-term investments of CN¥610.5M.
Key information
45.0%
Debt to equity ratio
CN¥468.34m
Debt
| Interest coverage ratio | -9.3x |
| Cash | CN¥610.53m |
| Equity | CN¥1.04b |
| Total liabilities | CN¥831.18m |
| Total assets | CN¥1.87b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 301285's short term assets (CN¥1.1B) exceed its short term liabilities (CN¥768.0M).
Long Term Liabilities: 301285's short term assets (CN¥1.1B) exceed its long term liabilities (CN¥63.2M).
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 increased from 40.9% to 45% over the past 5 years.
Debt Coverage: 301285's debt is not well covered by operating cash flow (16%).
Interest Coverage: 301285 earns more interest than it pays, so coverage of interest payments is not a concern.