Rayont Balance Sheet Health
Financial Health criteria checks 4/6
Rayont has a total shareholder equity of $5.9M and total debt of $1.2M, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are $9.9M and $4.0M respectively.
Key information
20.6%
Debt to equity ratio
US$1.22m
Debt
Interest coverage ratio | n/a |
Cash | US$72.86k |
Equity | US$5.91m |
Total liabilities | US$4.01m |
Total assets | US$9.92m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAYT's short term assets ($4.0M) exceed its short term liabilities ($3.1M).
Long Term Liabilities: RAYT's short term assets ($4.0M) exceed its long term liabilities ($944.2K).
Debt to Equity History and Analysis
Debt Level: RAYT's net debt to equity ratio (19.4%) is considered satisfactory.
Reducing Debt: RAYT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: RAYT's debt is not well covered by operating cash flow (2.7%).
Interest Coverage: Insufficient data to determine if RAYT's interest payments on its debt are well covered by EBIT.