Shanghai Taisheng Wind Power Equipment Balance Sheet Health
Financial Health criteria checks 4/6
Shanghai Taisheng Wind Power Equipment has a total shareholder equity of CN¥4.4B and total debt of CN¥833.7M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are CN¥8.1B and CN¥3.7B respectively. Shanghai Taisheng Wind Power Equipment's EBIT is CN¥301.6M making its interest coverage ratio 74.5. It has cash and short-term investments of CN¥609.3M.
Key information
18.9%
Debt to equity ratio
CN¥833.66m
Debt
Interest coverage ratio | 74.5x |
Cash | CN¥609.33m |
Equity | CN¥4.41b |
Total liabilities | CN¥3.70b |
Total assets | CN¥8.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 300129's short term assets (CN¥6.2B) exceed its short term liabilities (CN¥3.2B).
Long Term Liabilities: 300129's short term assets (CN¥6.2B) exceed its long term liabilities (CN¥514.4M).
Debt to Equity History and Analysis
Debt Level: 300129's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: 300129's debt to equity ratio has increased from 0.1% to 18.9% over the past 5 years.
Debt Coverage: 300129's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 300129's interest payments on its debt are well covered by EBIT (74.5x coverage).