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¥4.5B and total debt of CN¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CN¥6.5B and CN¥2.0B respectively. SolaX Power Network Technology (Zhejiang)'s EBIT is CN¥46.9M making its interest coverage ratio -1.6. It has cash and short-term investments of CN¥3.6B.
Key information
0%
Debt to equity ratio
CN¥0
Debt
| Interest coverage ratio | -1.6x |
| Cash | CN¥3.56b |
| Equity | CN¥4.50b |
| Total liabilities | CN¥1.99b |
| Total assets | CN¥6.49b |
Recent financial health updates
No updates
Recent updates
SolaX Power Network Technology (Zhejiang)'s (SHSE:688717) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 11
SolaX Power Network Technology (Zhejiang)'s (SHSE:688717) Problems Go Beyond Poor Profit
Apr 29Investors Give SolaX Power Network Technology (Zhejiang) Co., Ltd. (SHSE:688717) Shares A 28% Hiding
Apr 25Financial 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 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.