Raytech Holding Balance Sheet Health
Financial Health criteria checks 6/6
Raytech Holding has a total shareholder equity of HK$31.1M and total debt of HK$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are HK$58.1M and HK$27.0M respectively. Raytech Holding's EBIT is HK$11.4M making its interest coverage ratio -8. It has cash and short-term investments of HK$35.9M.
Key information
0%
Debt to equity ratio
HK$0
Debt
| Interest coverage ratio | -8x |
| Cash | HK$35.89m |
| Equity | HK$31.08m |
| Total liabilities | HK$27.04m |
| Total assets | HK$58.11m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAY's short term assets (HK$52.8M) exceed its short term liabilities (HK$27.0M).
Long Term Liabilities: RAY has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RAY is debt free.
Reducing Debt: RAY has not had any debt for past 5 years.
Debt Coverage: RAY has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RAY has no debt, therefore coverage of interest payments is not a concern.