Sany Renewable EnergyLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sany Renewable EnergyLtd has a total shareholder equity of CN¥12.8B and total debt of CN¥4.2B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are CN¥34.3B and CN¥21.5B respectively. Sany Renewable EnergyLtd's EBIT is CN¥2.2B making its interest coverage ratio 131.8. It has cash and short-term investments of CN¥10.9B.
Key information
32.7%
Debt to equity ratio
CN¥4.19b
Debt
Interest coverage ratio | 131.8x |
Cash | CN¥10.91b |
Equity | CN¥12.81b |
Total liabilities | CN¥21.47b |
Total assets | CN¥34.29b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 688349's short term assets (CN¥23.8B) exceed its short term liabilities (CN¥18.7B).
Long Term Liabilities: 688349's short term assets (CN¥23.8B) exceed its long term liabilities (CN¥2.7B).
Debt to Equity History and Analysis
Debt Level: 688349 has more cash than its total debt.
Reducing Debt: 688349 had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: 688349's debt is well covered by operating cash flow (47.9%).
Interest Coverage: 688349's interest payments on its debt are well covered by EBIT (131.8x coverage).