SolaX Power Network Technology (Zhejiang) Balance Sheet Health
Financial Health criteria checks 5/6
SolaX Power Network Technology (Zhejiang) has a total shareholder equity of CN¥4.5B and total debt of CN¥17.4M, which brings its debt-to-equity ratio to 0.4%. Its total assets and total liabilities are CN¥6.5B and CN¥2.0B respectively. SolaX Power Network Technology (Zhejiang)'s EBIT is CN¥55.2M making its interest coverage ratio -5.1. It has cash and short-term investments of CN¥3.6B.
Key information
0.4%
Debt to equity ratio
CN¥17.39m
Debt
| Interest coverage ratio | -5.1x |
| Cash | CN¥3.56b |
| Equity | CN¥4.50b |
| Total liabilities | CN¥1.99b |
| Total assets | CN¥6.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688717's short term assets (CN¥5.6B) exceed its short term liabilities (CN¥1.8B).
Long Term Liabilities: 688717's short term assets (CN¥5.6B) exceed its long term liabilities (CN¥180.8M).
Debt to Equity History and Analysis
Debt Level: 688717 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 688717's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 688717's debt is well covered by operating cash flow (4049.2%).
Interest Coverage: 688717 earns more interest than it pays, so coverage of interest payments is not a concern.