Raytron TechnologyLtd Balance Sheet Health
Financial Health criteria checks 5/6
Raytron TechnologyLtd has a total shareholder equity of CN¥5.2B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 33.3%. Its total assets and total liabilities are CN¥8.7B and CN¥3.5B respectively. Raytron TechnologyLtd's EBIT is CN¥386.0M making its interest coverage ratio 24.6. It has cash and short-term investments of CN¥1.4B.
Key information
33.3%
Debt to equity ratio
CN¥1.72b
Debt
Interest coverage ratio | 24.6x |
Cash | CN¥1.40b |
Equity | CN¥5.17b |
Total liabilities | CN¥3.51b |
Total assets | CN¥8.68b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688002's short term assets (CN¥4.8B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 688002's short term assets (CN¥4.8B) exceed its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 688002's net debt to equity ratio (6.3%) is considered satisfactory.
Reducing Debt: 688002's debt to equity ratio has increased from 0% to 33.3% over the past 5 years.
Debt Coverage: 688002's debt is well covered by operating cash flow (33.3%).
Interest Coverage: 688002's interest payments on its debt are well covered by EBIT (24.6x coverage).