Shandong High Speed Renewable Energy Group Balance Sheet Health
Financial Health criteria checks 3/6
Shandong High Speed Renewable Energy Group has a total shareholder equity of CN¥1.4B and total debt of CN¥2.2B, which brings its debt-to-equity ratio to 153.5%. Its total assets and total liabilities are CN¥5.2B and CN¥3.8B respectively. Shandong High Speed Renewable Energy Group's EBIT is CN¥70.7M making its interest coverage ratio 0.6. It has cash and short-term investments of CN¥145.0M.
Key information
153.5%
Debt to equity ratio
CN¥2.18b
Debt
| Interest coverage ratio | 0.6x |
| Cash | CN¥144.99m |
| Equity | CN¥1.42b |
| Total liabilities | CN¥3.79b |
| Total assets | CN¥5.21b |
Recent financial health updates
No updates
Recent updates
Shandong High Speed Renewable Energy Group Limited (SZSE:000803) Surges 29% Yet Its Low P/S Is No Reason For Excitement
Dec 13
Shandong High Speed Renewable Energy Group Limited's (SZSE:000803) Shares Leap 34% Yet They're Still Not Telling The Full Story
Oct 16Shandong High Speed Renewable Energy Group (SZSE:000803) Is Looking To Continue Growing Its Returns On Capital
Sep 25Shandong 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¥815.9M) do not cover its short term liabilities (CN¥1.8B).
Long Term Liabilities: 000803's short term assets (CN¥815.9M) do not cover its long term liabilities (CN¥1.9B).
Debt to Equity History and Analysis
Debt Level: 000803's net debt to equity ratio (143.3%) is considered high.
Reducing Debt: 000803's debt to equity ratio has reduced from 191.3% to 153.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 000803 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000803 is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 16.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:24 |
| End of Day Share Price | 2024/12/26 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong High Speed Renewable Energy Group Limited is covered by 2 analysts. 1 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 |
|---|---|
| Yigong Tao | China Galaxy Securities Co., Ltd. |
| Xiujie Huang | Guosen Securities Co., Ltd. |