Titan Wind Energy (Suzhou)Ltd Balance Sheet Health
Financial Health criteria checks 2/6
Titan Wind Energy (Suzhou)Ltd has a total shareholder equity of CN¥9.0B and total debt of CN¥10.2B, which brings its debt-to-equity ratio to 113.2%. Its total assets and total liabilities are CN¥25.2B and CN¥16.1B respectively. Titan Wind Energy (Suzhou)Ltd's EBIT is CN¥942.6M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥516.9M.
Key information
113.2%
Debt to equity ratio
CN¥10.22b
Debt
| Interest coverage ratio | 2.5x |
| Cash | CN¥516.92m |
| Equity | CN¥9.03b |
| Total liabilities | CN¥16.13b |
| Total assets | CN¥25.16b |
Recent financial health updates
Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Seems To Be Using A Lot Of Debt
Oct 16
Is Titan Wind Energy (Suzhou)Ltd (SZSE:002531) A Risky Investment?
Jul 12Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Has A Somewhat Strained Balance Sheet
Mar 03Recent updates
Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Seems To Be Using A Lot Of Debt
Oct 16Analysts Are More Bearish On Titan Wind Energy (Suzhou) Co.,Ltd (SZSE:002531) Than They Used To Be
Sep 03Is Titan Wind Energy (Suzhou)Ltd (SZSE:002531) A Risky Investment?
Jul 12Titan Wind Energy (Suzhou) Co.,Ltd's (SZSE:002531) Subdued P/E Might Signal An Opportunity
May 24Titan Wind Energy (Suzhou)Ltd (SZSE:002531) Has A Somewhat Strained Balance Sheet
Mar 03Financial Position Analysis
Short Term Liabilities: 002531's short term assets (CN¥9.8B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 002531's short term assets (CN¥9.8B) exceed its long term liabilities (CN¥7.1B).
Debt to Equity History and Analysis
Debt Level: 002531's net debt to equity ratio (107.4%) is considered high.
Reducing Debt: 002531's debt to equity ratio has increased from 77.7% to 113.2% over the past 5 years.
Debt Coverage: 002531's debt is not well covered by operating cash flow (16%).
Interest Coverage: 002531's interest payments on its debt are not well covered by EBIT (2.5x coverage).