RingNet Balance Sheet Health
Financial Health criteria checks 6/6
RingNet has a total shareholder equity of ₩96.1B and total debt of ₩542.5M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are ₩151.9B and ₩55.8B respectively. RingNet's EBIT is ₩16.3B making its interest coverage ratio -17.7. It has cash and short-term investments of ₩43.8B.
Key information
0.6%
Debt to equity ratio
₩542.52m
Debt
| Interest coverage ratio | -17.7x |
| Cash | ₩43.85b |
| Equity | ₩96.12b |
| Total liabilities | ₩55.82b |
| Total assets | ₩151.94b |
Recent financial health updates
Recent updates
Improved Earnings Required Before RingNet Co., Ltd. (KOSDAQ:042500) Stock's 26% Jump Looks Justified
Apr 13
Shareholders Can Be Confident That RingNet's (KOSDAQ:042500) Earnings Are High Quality
Mar 21RingNet's (KOSDAQ:042500) Returns On Capital Are Heading Higher
Mar 18RingNet Co., Ltd. (KOSDAQ:042500) Surges 38% Yet Its Low P/E Is No Reason For Excitement
Feb 28RingNet (KOSDAQ:042500) Is Doing The Right Things To Multiply Its Share Price
May 07Does RingNet (KOSDAQ:042500) Have A Healthy Balance Sheet?
Apr 19Do RingNet's (KOSDAQ:042500) Earnings Warrant Your Attention?
Apr 01RingNet Co., Ltd.'s (KOSDAQ:042500) Stock Has Shown Weakness Lately But Financial Prospects Look Decent: Is The Market Wrong?
Mar 14If You Had Bought RingNet (KOSDAQ:042500) Shares Five Years Ago You'd Have Earned 61% Returns
Feb 15We're Watching These Trends At RingNet (KOSDAQ:042500)
Jan 25
Does RingNet's (KOSDAQ:042500) Statutory Profit Adequately Reflect Its Underlying Profit?
Jan 04RingNet Co., Ltd.'s (KOSDAQ:042500) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?
Dec 13Financial Position Analysis
Short Term Liabilities: A042500's short term assets (₩116.4B) exceed its short term liabilities (₩55.7B).
Long Term Liabilities: A042500's short term assets (₩116.4B) exceed its long term liabilities (₩86.3M).
Debt to Equity History and Analysis
Debt Level: A042500 has more cash than its total debt.
Reducing Debt: A042500's debt to equity ratio has reduced from 4.4% to 0.6% over the past 5 years.
Debt Coverage: A042500's debt is well covered by operating cash flow (9334.3%).
Interest Coverage: A042500 earns more interest than it pays, so coverage of interest payments is not a concern.