Solareast Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Solareast Holdings has a total shareholder equity of CN¥4.0B and total debt of CN¥40.4M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are CN¥7.1B and CN¥3.0B respectively. Solareast Holdings's EBIT is CN¥104.4M making its interest coverage ratio -0.4. It has cash and short-term investments of CN¥571.8M.
Key information
1.0%
Debt to equity ratio
CN¥40.43m
Debt
Interest coverage ratio | -0.4x |
Cash | CN¥571.79m |
Equity | CN¥4.04b |
Total liabilities | CN¥3.03b |
Total assets | CN¥7.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 603366's short term assets (CN¥2.9B) exceed its short term liabilities (CN¥2.9B).
Long Term Liabilities: 603366's short term assets (CN¥2.9B) exceed its long term liabilities (CN¥147.1M).
Debt to Equity History and Analysis
Debt Level: 603366 has more cash than its total debt.
Reducing Debt: 603366's debt to equity ratio has reduced from 34% to 1% over the past 5 years.
Debt Coverage: 603366's debt is well covered by operating cash flow (1359.7%).
Interest Coverage: 603366 earns more interest than it pays, so coverage of interest payments is not a concern.