Shandong Sacred Sun Power SourcesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shandong Sacred Sun Power SourcesLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥421.7M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are CN¥3.3B and CN¥1.1B respectively. Shandong Sacred Sun Power SourcesLtd's EBIT is CN¥143.8M making its interest coverage ratio -16.6. It has cash and short-term investments of CN¥539.4M.
Key information
19.0%
Debt to equity ratio
CN¥421.70m
Debt
Interest coverage ratio | -16.6x |
Cash | CN¥539.35m |
Equity | CN¥2.22b |
Total liabilities | CN¥1.12b |
Total assets | CN¥3.34b |
Recent financial health updates
No updates
Recent updates
Shandong 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¥2.2B) exceed its short term liabilities (CN¥681.7M).
Long Term Liabilities: 002580's short term assets (CN¥2.2B) exceed its long term liabilities (CN¥436.6M).
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 24.4% to 19% over the past 5 years.
Debt Coverage: 002580's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 002580 earns more interest than it pays, so coverage of interest payments is not a concern.