Ray Balance Sheet Health
Financial Health criteria checks 3/6
Ray has a total shareholder equity of ₩131.2B and total debt of ₩77.8B, which brings its debt-to-equity ratio to 59.3%. Its total assets and total liabilities are ₩259.6B and ₩128.4B respectively. Ray's EBIT is ₩6.1B making its interest coverage ratio 2.2. It has cash and short-term investments of ₩26.3B.
Key information
59.3%
Debt to equity ratio
₩77.83b
Debt
Interest coverage ratio | 2.2x |
Cash | ₩26.33b |
Equity | ₩131.20b |
Total liabilities | ₩128.36b |
Total assets | ₩259.55b |
Recent financial health updates
Is Ray (KOSDAQ:228670) Using Too Much Debt?
Mar 16Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly
Dec 08Recent updates
The Returns On Capital At Ray (KOSDAQ:228670) Don't Inspire Confidence
Mar 14Is Ray (KOSDAQ:228670) Using Too Much Debt?
Mar 16What Type Of Shareholders Make Up Ray Co., Ltd.'s (KOSDAQ:228670) Share Registry?
Feb 21With A Return On Equity Of 13%, Has Ray Co., Ltd.'s (KOSDAQ:228670) Management Done Well?
Feb 02We Wouldn't Rely On Ray's (KOSDAQ:228670) Statutory Earnings As A Guide
Jan 14If You Had Bought Ray (KOSDAQ:228670) Shares A Year Ago You'd Have Earned 11% Returns
Dec 27Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly
Dec 08Has Ray (KOSDAQ:228670) Got What It Takes To Become A Multi-Bagger?
Nov 19Financial Position Analysis
Short Term Liabilities: A228670's short term assets (₩147.0B) exceed its short term liabilities (₩109.7B).
Long Term Liabilities: A228670's short term assets (₩147.0B) exceed its long term liabilities (₩18.7B).
Debt to Equity History and Analysis
Debt Level: A228670's net debt to equity ratio (39.3%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if A228670's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: A228670's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: A228670's interest payments on its debt are not well covered by EBIT (2.2x coverage).