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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 05:35 |
| End of Day Share Price | 2024/12/25 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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Industry and Sector Metrics
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Analyst Sources
SolaX Power Network Technology (Zhejiang) Co., Ltd. is covered by 3 analysts. 3 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 |
|---|---|
| Tao Zeng | China International Capital Corporation Limited |
| Pengwei Hua | Citic Securities Co., Ltd. |
| Jie Wu | Haitong International Research Limited |