Shandong High Speed Renewable Energy Group Balance Sheet Health
Financial Health criteria checks 1/6
Shandong High Speed Renewable Energy Group has a total shareholder equity of CN¥1.4B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 139.6%. Its total assets and total liabilities are CN¥5.4B and CN¥3.9B respectively. Shandong High Speed Renewable Energy Group's EBIT is CN¥102.6M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥191.6M.
Key information
139.6%
Debt to equity ratio
CN¥2.02b
Debt
Interest coverage ratio | 0.6x |
Cash | CN¥191.64m |
Equity | CN¥1.45b |
Total liabilities | CN¥3.94b |
Total assets | CN¥5.38b |
Recent financial health updates
No updates
Recent updates
Shandong High Speed Renewable Energy Group (SZSE:000803) Is Looking To Continue Growing Its Returns On Capital
Jun 05Even With A 27% Surge, Cautious Investors Are Not Rewarding Shandong High Speed Renewable Energy Group Limited's (SZSE:000803) Performance Completely
Mar 19A Look At The Fair Value Of Shandong High Speed Renewable Energy Group Limited (SZSE:000803)
Feb 28Financial Position Analysis
Short Term Liabilities: 000803's short term assets (CN¥886.1M) do not cover its short term liabilities (CN¥1.9B).
Long Term Liabilities: 000803's short term assets (CN¥886.1M) do not cover its long term liabilities (CN¥2.1B).
Debt to Equity History and Analysis
Debt Level: 000803's net debt to equity ratio (126.4%) is considered high.
Reducing Debt: 000803's debt to equity ratio has increased from 137.5% to 139.6% over the past 5 years.
Debt Coverage: 000803's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 000803's interest payments on its debt are not well covered by EBIT (0.6x coverage).