Shandong Sacred Sun Power SourcesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Shandong Sacred Sun Power SourcesLtd has a total shareholder equity of CN¥2.3B and total debt of CN¥399.3M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CN¥3.5B and CN¥1.2B respectively. Shandong Sacred Sun Power SourcesLtd's EBIT is CN¥128.4M making its interest coverage ratio -15.4. It has cash and short-term investments of CN¥510.8M.
Key information
17.4%
Debt to equity ratio
CN¥399.26m
Debt
| Interest coverage ratio | -15.4x |
| Cash | CN¥510.76m |
| Equity | CN¥2.29b |
| Total liabilities | CN¥1.25b |
| Total assets | CN¥3.54b |
Recent financial health updates
No updates
Recent updates
Why Shandong Sacred Sun Power SourcesLtd's (SZSE:002580) Shaky Earnings Are Just The Beginning Of Its Problems
Nov 04
Shandong Sacred Sun Power SourcesLtd (SZSE:002580) Has Announced That It Will Be Increasing Its Dividend To CN¥0.057
Jun 19Shandong Sacred Sun Power SourcesLtd's (SZSE:002580) Profits May Not Reveal Underlying Issues
Apr 26Returns Are Gaining Momentum At Shandong Sacred Sun Power SourcesLtd (SZSE:002580)
Apr 17Shandong Sacred Sun Power Sources Co.,Ltd (SZSE:002580) Stock Rockets 26% But Many Are Still Ignoring The Company
Mar 07Financial Position Analysis
Short Term Liabilities: 002580's short term assets (CN¥2.3B) exceed its short term liabilities (CN¥817.4M).
Long Term Liabilities: 002580's short term assets (CN¥2.3B) exceed its long term liabilities (CN¥432.4M).
Debt to Equity History and Analysis
Debt Level: 002580 has more cash than its total debt.
Reducing Debt: 002580's debt to equity ratio has reduced from 27.6% to 17.4% over the past 5 years.
Debt Coverage: 002580's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 002580 earns more interest than it pays, so coverage of interest payments is not a concern.