Ray Co., Ltd.

KOSDAQ:A228670 Stock Report

Market Cap: ₩116.8b

Ray Balance Sheet Health

Financial Health criteria checks 2/6

Ray has a total shareholder equity of ₩109.3B and total debt of ₩93.1B, which brings its debt-to-equity ratio to 85.2%. Its total assets and total liabilities are ₩237.2B and ₩127.9B respectively.

Key information

85.2%

Debt to equity ratio

₩93.13b

Debt

Interest coverage ration/a
Cash₩23.77b
Equity₩109.26b
Total liabilities₩127.94b
Total assets₩237.21b

Recent financial health updates

We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt

Nov 13
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt

Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet

Jul 24
Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet

Is Ray (KOSDAQ:228670) Using Too Much Debt?

Mar 16
Is Ray (KOSDAQ:228670) Using Too Much Debt?

Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly

Dec 08
Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly

Recent updates

Improved Revenues Required Before Ray Co., Ltd. (KOSDAQ:228670) Stock's 26% Jump Looks Justified

Jan 21
Improved Revenues Required Before Ray Co., Ltd. (KOSDAQ:228670) Stock's 26% Jump Looks Justified

We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt

Nov 13
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt

Ray Co., Ltd. (KOSDAQ:228670) Not Doing Enough For Some Investors As Its Shares Slump 32%

Aug 05
Ray Co., Ltd. (KOSDAQ:228670) Not Doing Enough For Some Investors As Its Shares Slump 32%

Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet

Jul 24
Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet

Market Still Lacking Some Conviction On Ray Co., Ltd. (KOSDAQ:228670)

May 25
Market Still Lacking Some Conviction On Ray Co., Ltd. (KOSDAQ:228670)

The Returns On Capital At Ray (KOSDAQ:228670) Don't Inspire Confidence

Mar 14
The Returns On Capital At Ray (KOSDAQ:228670) Don't Inspire Confidence

Is Ray (KOSDAQ:228670) Using Too Much Debt?

Mar 16
Is Ray (KOSDAQ:228670) Using Too Much Debt?

What Type Of Shareholders Make Up Ray Co., Ltd.'s (KOSDAQ:228670) Share Registry?

Feb 21
What Type Of Shareholders Make Up Ray Co., Ltd.'s (KOSDAQ:228670) Share Registry?

With A Return On Equity Of 13%, Has Ray Co., Ltd.'s (KOSDAQ:228670) Management Done Well?

Feb 02
With A Return On Equity Of 13%, Has Ray Co., Ltd.'s (KOSDAQ:228670) Management Done Well?

We Wouldn't Rely On Ray's (KOSDAQ:228670) Statutory Earnings As A Guide

Jan 14
We Wouldn't Rely On Ray's (KOSDAQ:228670) Statutory Earnings As A Guide

If You Had Bought Ray (KOSDAQ:228670) Shares A Year Ago You'd Have Earned 11% Returns

Dec 27
If You Had Bought Ray (KOSDAQ:228670) Shares A Year Ago You'd Have Earned 11% Returns

Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly

Dec 08
Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly

Has Ray (KOSDAQ:228670) Got What It Takes To Become A Multi-Bagger?

Nov 19
Has Ray (KOSDAQ:228670) Got What It Takes To Become A Multi-Bagger?

Financial Position Analysis

Short Term Liabilities: A228670's short term assets (₩129.2B) exceed its short term liabilities (₩88.8B).

Long Term Liabilities: A228670's short term assets (₩129.2B) exceed its long term liabilities (₩39.2B).

Debt to Equity History and Analysis

Debt Level: A228670's net debt to equity ratio (63.5%) is considered high.

Reducing Debt: A228670's debt to equity ratio has increased from 1.8% to 85.2% over the past 5 years.

Debt Coverage: A228670's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if A228670's interest payments on its debt are well covered by EBIT.

Balance Sheet

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/01 00:02
End of Day Share Price 2025/01/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Ray Co., Ltd. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sanjeev RanaCLSA
Brian LeeCLSA
Sae-rom LeeDaishin Securities Co. Ltd.