The company's financial position appears increasingly fragile, evidenced by a debt-to-equity ratio of 1.12 and a total asset base that contracted from $11.1 million to $8.0 million over the past year.
| Total Current Assets | 6.31M | 4.28M | 3.91M | 6.31M | 8.84M | 6.86M |
| Cash & Short-Term Investments | 1.78M | 673.4K | 1.1M | 1.78M | 1.15M | 2.18M |
| Cash Only | 1.78M | 673.4K | 1.1M | 1.78M | 1.15M | 2.18M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 3.73M | 3.36M | 2M | 3.73M | 6.96M | 4.1M |
| Days Sales Outstanding | 281.28 | 183.3 | 79.77 | 149.07 | 198.53 | 130.27 |
| Inventory | 151.86K | 59.08K | 210.26K | 151.86K | 270.6K | 240.7K |
| Days Inventory Outstanding | 17.93 | 7.45 | 12.34 | 9.41 | 13.76 | 11.54 |
| Other Current Assets | 541.76K | 188.95K | 505.48K | 541.76K | 135.18K | 238.18K |
| Total Non-Current Assets | 1.72M | 1.6M | 1.31M | 1.72M | 2.22M | 1.98M |
| Property, Plant & Equipment | 473.05K | 460.31K | 405.37K | 473.05K | 717.2K | 343.42K |
| Fixed Asset Turnover | 11.66x | 14.52x | 22.58x | 19.31x | 17.85x | 33.48x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 726.36K | 202.16K | 357.26K | 726.36K | 847.62K | 1.39M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 521.88K | 933.62K | 546.98K | 521.88K | 655.71K | 240.79K |
| Total Assets | 8.03M | 5.87M | 5.22M | 8.03M | 11.06M | 8.83M |
| Asset Turnover | 0.73x | 1.14x | 1.75x | 1.14x | 1.16x | 1.30x |
| Asset Growth % | -27.38% | 12.58% | -35.05% | -27.38% | 25.24% | - |
| Total Current Liabilities | 5.88M | 6.38M | 5.19M | 5.88M | 7.39M | 4.48M |
| Accounts Payable | 2.61M | 1.08M | 1.81M | 2.61M | 2.15M | 1.21M |
| Days Payables Outstanding | 202.33 | 135.71 | 106.48 | 161.86 | 109.53 | 57.86 |
| Short-Term Debt | 2.42M | 4.41M | 2.47M | 2.42M | 4.56M | 2.14M |
| Deferred Revenue (Current) | 291.9K | 135.74K | 434.72K | 246.83K | 45.07K | 587.46K |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.07x | 0.67x | 0.75x | 1.07x | 1.20x | 1.53x |
| Quick Ratio | 1.05x | 0.66x | 0.71x | 1.05x | 1.16x | 1.48x |
| Cash Conversion Cycle | 96.88 | 55.05 | -14.36 | -3.38 | 102.76 | 83.95 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 71.27K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 71.27K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 5.88M | 6.38M | 5.19M | 5.88M | 7.39M | 4.55M |
| Total Debt | 2.42M | 4.41M | 2.47M | 2.42M | 4.7M | 2.37M |
| Net Debt | 641.39K | 3.73M | 1.37M | 641.39K | 3.55M | 186.31K |
| Debt / Equity | 1.12x | - | 84.81x | 1.12x | 1.28x | 0.55x |
| Debt / EBITDA | 8.85x | - | - | - | - | 3.47x |
| Net Debt / EBITDA | 2.34x | - | - | - | - | 0.27x |
| Interest Coverage | 2.53x | -3.16x | -10.41x | -9.72x | -5.65x | 0.15x |
| Total Equity | 2.15M | -506.15K | 29.14K | 2.15M | 3.68M | 4.28M |
| Equity Growth % | -41.41% | -1837.02% | -98.65% | -41.41% | -14.13% | - |
| Book Value per Share | 0.06 | -0.02 | 0.00 | 0.06 | 0.11 | 0.12 |
| Total Shareholders' Equity | 2.29M | -161.8K | 240.26K | 2.29M | 3.75M | 4.35M |
| Common Stock | 6K | 6K | 6K | 6K | 6K | 6K |
| Retained Earnings | -13.23M | -15.63M | -15.23M | -13.23M | -12.05M | -11.32M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 301.19K | 252.25K | 257.75K | 301.19K | 587.35K | 450.62K |
| Minority Interest | -136.16K | -344.35K | -211.12K | -136.16K | -76.97K | -65.78K |
Imminent liquidity and solvency
As reported in recent financial filings, RYET's total assets contracted from $11.1 million in 2022Q4 to $8.0 million in 2023Q4, signaling a significant deterioration in the company's resource base as it struggles to maintain its operational footprint within the competitive Chinese educational technology sector.
The reduction in total assets suggests that the company is failing to replace its depreciating hardware base with new, revenue-generating installations. This downward trajectory indicates that the firm's business model is currently unable to sustain its historical scale, warranting caution regarding its long-term viability.
Based on the company's 2023Q4 balance sheet, the debt-to-equity ratio stands at 1.12, which, when viewed alongside the $2.4 million in total debt, suggests that the firm is increasingly reliant on external financing to bridge the gap created by its persistent operating losses.
The reliance on debt in the face of a shrinking asset base implies that management is leveraging the firm to fund basic operations rather than strategic growth. Investors should monitor whether this debt burden becomes unsustainable if the company fails to secure new institutional contracts in the coming quarters.
According to the latest quarterly data, RYET's cash position of $1.8 million provides a current ratio of 1.07, which appears insufficient to cover the company's ongoing operational burn and potential short-term liabilities in a volatile regulatory and economic environment for Chinese educational technology providers.
A current ratio hovering near parity indicates that the company has almost no margin for error regarding its working capital management. This lack of liquidity suggests that any delay in government payments could lead to an immediate solvency crisis, necessitating further investigation into the firm's cash runway.
As indicated by the financial statements, the company's equity has declined to $2.3 million from $3.8 million in the prior year, a trend primarily driven by the accumulation of a $13.2 million deficit in retained earnings as of 2023Q4.
The persistent negative retained earnings highlight a multi-year history of value destruction that has significantly weakened the company's book value. This erosion of equity suggests that the firm is effectively consuming its own capital to survive, which may limit its ability to attract future investment.
Quick answers to the most common questions about buying RYET stock.
As of 2025, Ruanyun Edai Technology Inc. Ordinary shares (RYET) had total assets of $5.9M including $4.3M in current assets.
Ruanyun Edai Technology Inc. Ordinary shares (RYET) carries total debt of $4.4M, offset by $0.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Ruanyun Edai Technology Inc. Ordinary shares (RYET) has total shareholders' equity (book value) of $-0.2M ($-0.02 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Ruanyun Edai Technology Inc. Ordinary shares (RYET) reported a current ratio of 0.67x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.