SolaX Power Network Technology (Zhejiang) Balance Sheet Health
Financial Health criteria checks 6/6
SolaX Power Network Technology (Zhejiang) has a total shareholder equity of CN¥4.4B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥5.5B and CN¥1.1B respectively. SolaX Power Network Technology (Zhejiang)'s EBIT is CN¥496.7M making its interest coverage ratio -29.5. It has cash and short-term investments of CN¥3.2B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -29.5x |
| Cash | CN¥3.17b |
| Equity | CN¥4.37b |
| Total liabilities | CN¥1.12b |
| Total assets | CN¥5.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 688717's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥931.3M).
Long Term Liabilities: 688717's short term assets (CN¥4.6B) exceed its long term liabilities (CN¥185.9M).
Debt to Equity History and Analysis
Debt Level: 688717 is debt free.
Reducing Debt: 688717 had no debt 5 years ago.
Debt Coverage: 688717 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 688717 has no debt, therefore coverage of interest payments is not a concern.