Titan Wind Energy (Suzhou)Ltd Balance Sheet Health
Financial Health criteria checks 4/6
Titan Wind Energy (Suzhou)Ltd has a total shareholder equity of CN¥9.1B and total debt of CN¥10.0B, which brings its debt-to-equity ratio to 109.9%. Its total assets and total liabilities are CN¥25.0B and CN¥15.9B respectively. Titan Wind Energy (Suzhou)Ltd's EBIT is CN¥1.3B making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥569.5M.
Key information
109.9%
Debt to equity ratio
CN¥10.00b
Debt
Interest coverage ratio | 3.7x |
Cash | CN¥569.49m |
Equity | CN¥9.10b |
Total liabilities | CN¥15.90b |
Total assets | CN¥25.00b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 002531's short term assets (CN¥9.6B) exceed its short term liabilities (CN¥8.4B).
Long Term Liabilities: 002531's short term assets (CN¥9.6B) exceed its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 002531's net debt to equity ratio (103.6%) is considered high.
Reducing Debt: 002531's debt to equity ratio has increased from 88.2% to 109.9% over the past 5 years.
Debt Coverage: 002531's debt is well covered by operating cash flow (23.2%).
Interest Coverage: 002531's interest payments on its debt are well covered by EBIT (3.7x coverage).