GoodWe Technologies Balance Sheet Health
Financial Health criteria checks 3/6
GoodWe Technologies has a total shareholder equity of CN¥3.0B and total debt of CN¥1.6B, which brings its debt-to-equity ratio to 52.5%. Its total assets and total liabilities are CN¥7.7B and CN¥4.7B respectively.
Key information
52.5%
Debt to equity ratio
CN¥1.60b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥854.37m |
| Equity | CN¥3.04b |
| Total liabilities | CN¥4.66b |
| Total assets | CN¥7.70b |
Recent financial health updates
GoodWe Technologies (SHSE:688390) Is Carrying A Fair Bit Of Debt
Jan 23
These 4 Measures Indicate That GoodWe Technologies (SHSE:688390) Is Using Debt Extensively
Oct 23GoodWe Technologies (SHSE:688390) Takes On Some Risk With Its Use Of Debt
May 24Recent updates
GoodWe Technologies (SHSE:688390) Is Carrying A Fair Bit Of Debt
Jan 23These 4 Measures Indicate That GoodWe Technologies (SHSE:688390) Is Using Debt Extensively
Oct 23GoodWe Technologies Co., Ltd.'s (SHSE:688390) Shares Leap 27% Yet They're Still Not Telling The Full Story
Oct 01The Returns On Capital At GoodWe Technologies (SHSE:688390) Don't Inspire Confidence
Sep 23Investors Aren't Entirely Convinced By GoodWe Technologies Co., Ltd.'s (SHSE:688390) Earnings
Aug 03GoodWe Technologies (SHSE:688390) Might Be Having Difficulty Using Its Capital Effectively
Jun 14GoodWe Technologies (SHSE:688390) Takes On Some Risk With Its Use Of Debt
May 24Why GoodWe Technologies' (SHSE:688390) Soft Earnings Are Just The Beginning Of Its Problems
May 02GoodWe Technologies Co., Ltd.'s (SHSE:688390) Prospects Need A Boost To Lift Shares
Mar 15Financial Position Analysis
Short Term Liabilities: 688390's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 688390's short term assets (CN¥5.1B) exceed its long term liabilities (CN¥520.6M).
Debt to Equity History and Analysis
Debt Level: 688390's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: 688390's debt to equity ratio has increased from 12.4% to 52.5% over the past 5 years.
Debt Coverage: 688390's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if 688390's interest payments on its debt are well covered by EBIT.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/23 09:34 |
| End of Day Share Price | 2025/01/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
GoodWe Technologies Co., Ltd. is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xinhao Jiang | China International Capital Corporation Limited |
| Pengwei Hua | Citic Securities Co., Ltd. |
| Zhongshu Yin | Everbright Securities Co. Ltd. |