Rayence Balance Sheet Health
Financial Health criteria checks 6/6
Rayence has a total shareholder equity of ₩246.5B and total debt of ₩1.2B, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ₩273.4B and ₩27.0B respectively. Rayence's EBIT is ₩13.8B making its interest coverage ratio -4.7. It has cash and short-term investments of ₩138.5B.
Key information
0.5%
Debt to equity ratio
₩1.16b
Debt
| Interest coverage ratio | -4.7x |
| Cash | ₩138.45b |
| Equity | ₩246.48b |
| Total liabilities | ₩26.95b |
| Total assets | ₩273.44b |
Recent financial health updates
We Think Rayence (KOSDAQ:228850) Can Stay On Top Of Its Debt
Mar 31
Rayence (KOSDAQ:228850) Seems To Use Debt Quite Sensibly
Dec 01
Recent updates
Lacklustre Performance Is Driving Rayence Co., Ltd.'s (KOSDAQ:228850) Low P/E
Aug 12Rayence's (KOSDAQ:228850) Profits May Not Reveal Underlying Issues
May 25We Think Rayence (KOSDAQ:228850) Can Stay On Top Of Its Debt
Mar 31Rayence Co., Ltd. (KOSDAQ:228850) Is Up But Financials Look Inconsistent: Which Way Is The Stock Headed?
Mar 05Will Rayence (KOSDAQ:228850) Multiply In Value Going Forward?
Feb 17Are Rayence's (KOSDAQ:228850) Statutory Earnings A Good Reflection Of Its Earnings Potential?
Feb 02Rayence's(KOSDAQ:228850) Share Price Is Down 44% Over The Past Three Years.
Jan 18Should Rayence Co., Ltd. (KOSDAQ:228850) Be Part Of Your Dividend Portfolio?
Jan 06Income Investors Should Know That Rayence Co., Ltd. (KOSDAQ:228850) Goes Ex-Dividend Soon
Dec 25At ₩11,100, Is It Time To Put Rayence Co., Ltd. (KOSDAQ:228850) On Your Watch List?
Dec 14Rayence (KOSDAQ:228850) Seems To Use Debt Quite Sensibly
Dec 01A Look At The Intrinsic Value Of Rayence Co., Ltd. (KOSDAQ:228850)
Nov 18Financial Position Analysis
Short Term Liabilities: A228850's short term assets (₩222.2B) exceed its short term liabilities (₩18.8B).
Long Term Liabilities: A228850's short term assets (₩222.2B) exceed its long term liabilities (₩8.2B).
Debt to Equity History and Analysis
Debt Level: A228850 has more cash than its total debt.
Reducing Debt: A228850's debt to equity ratio has reduced from 2.7% to 0.5% over the past 5 years.
Debt Coverage: A228850's debt is well covered by operating cash flow (2388.5%).
Interest Coverage: A228850 earns more interest than it pays, so coverage of interest payments is not a concern.