Ray Balance Sheet Health
Financial Health criteria checks 2/6
Ray has a total shareholder equity of ₩110.9B and total debt of ₩93.3B, which brings its debt-to-equity ratio to 84.1%. Its total assets and total liabilities are ₩244.1B and ₩133.2B respectively.
Key information
84.1%
Debt to equity ratio
₩93.29b
Debt
| Interest coverage ratio | n/a |
| Cash | ₩22.59b |
| Equity | ₩110.95b |
| Total liabilities | ₩133.17b |
| Total assets | ₩244.12b |
Recent financial health updates
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt
Nov 13
Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet
Jul 24Is Ray (KOSDAQ:228670) Using Too Much Debt?
Mar 16Here's Why Ray (KOSDAQ:228670) Can Manage Its Debt Responsibly
Dec 08
Recent updates
We Think Ray (KOSDAQ:228670) Has A Fair Chunk Of Debt
Nov 13Ray Co., Ltd. (KOSDAQ:228670) Not Doing Enough For Some Investors As Its Shares Slump 32%
Aug 05Ray (KOSDAQ:228670) Has A Somewhat Strained Balance Sheet
Jul 24Market Still Lacking Some Conviction On Ray Co., Ltd. (KOSDAQ:228670)
May 25The 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 (₩134.2B) exceed its short term liabilities (₩92.1B).
Long Term Liabilities: A228670's short term assets (₩134.2B) exceed its long term liabilities (₩41.1B).
Debt to Equity History and Analysis
Debt Level: A228670's net debt to equity ratio (63.7%) is considered high.
Reducing Debt: A228670's debt to equity ratio has increased from 8.8% to 84.1% 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.