Ray Balance Sheet Health
Financial Health criteria checks 6/6
Ray has a total shareholder equity of ¥6.3B and total debt of ¥600.0M, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are ¥8.4B and ¥2.1B respectively. Ray's EBIT is ¥1.2B making its interest coverage ratio 306.5. It has cash and short-term investments of ¥3.0B.
Key information
9.5%
Debt to equity ratio
JP¥600.00m
Debt
| Interest coverage ratio | 306.5x |
| Cash | JP¥3.01b |
| Equity | JP¥6.32b |
| Total liabilities | JP¥2.09b |
| Total assets | JP¥8.41b |
Recent financial health updates
Recent updates
Ray (TSE:4317) Has Some Way To Go To Become A Multi-Bagger
Aug 13
Little Excitement Around Ray Corporation's (TSE:4317) Earnings As Shares Take 25% Pounding
Apr 22Read This Before Buying Ray Corporation (TYO:4317) For Its Dividend
Apr 18Ray's (TYO:4317) Shareholders Are Down 47% On Their Shares
Feb 23Ray (TYO:4317) Has Debt But No Earnings; Should You Worry?
Jan 11Three Things You Should Check Before Buying Ray Corporation (TYO:4317) For Its Dividend
Nov 20
Financial Position Analysis
Short Term Liabilities: 4317's short term assets (¥5.0B) exceed its short term liabilities (¥1.9B).
Long Term Liabilities: 4317's short term assets (¥5.0B) exceed its long term liabilities (¥234.0M).
Debt to Equity History and Analysis
Debt Level: 4317 has more cash than its total debt.
Reducing Debt: 4317's debt to equity ratio has reduced from 18.1% to 9.5% over the past 5 years.
Debt Coverage: 4317's debt is well covered by operating cash flow (264.7%).
Interest Coverage: 4317's interest payments on its debt are well covered by EBIT (306.5x coverage).