Ray Balance Sheet Health
Financial Health criteria checks 2/6
Ray has a total shareholder equity of ₩131.8B and total debt of ₩89.7B, which brings its debt-to-equity ratio to 68.1%. Its total assets and total liabilities are ₩276.9B and ₩145.1B respectively. Ray's EBIT is ₩3.7B making its interest coverage ratio 1.3. It has cash and short-term investments of ₩37.0B.
Key information
68.1%
Debt to equity ratio
₩89.68b
Debt
Interest coverage ratio | 1.3x |
Cash | ₩36.96b |
Equity | ₩131.77b |
Total liabilities | ₩145.11b |
Total assets | ₩276.87b |
Recent financial health updates
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 08Recent updates
Ray (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 (₩164.9B) exceed its short term liabilities (₩106.6B).
Long Term Liabilities: A228670's short term assets (₩164.9B) exceed its long term liabilities (₩38.5B).
Debt to Equity History and Analysis
Debt Level: A228670's net debt to equity ratio (40%) is considered high.
Reducing Debt: A228670's debt to equity ratio has increased from 12.5% to 68.1% 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 (1.3x coverage).