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¥9.1B and total debt of CN¥10.8B, which brings its debt-to-equity ratio to 118.9%. Its total assets and total liabilities are CN¥25.4B and CN¥16.3B respectively. Titan Wind Energy (Suzhou)Ltd's EBIT is CN¥820.1M making its interest coverage ratio 2.2. It has cash and short-term investments of CN¥677.1M.
Key information
118.9%
Debt to equity ratio
CN¥10.83b
Debt
| Interest coverage ratio | 2.2x |
| Cash | CN¥677.08m |
| Equity | CN¥9.10b |
| Total liabilities | CN¥16.31b |
| Total assets | CN¥25.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002531's short term assets (CN¥9.9B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 002531's short term assets (CN¥9.9B) exceed its long term liabilities (CN¥7.2B).
Debt to Equity History and Analysis
Debt Level: 002531's net debt to equity ratio (111.5%) is considered high.
Reducing Debt: 002531's debt to equity ratio has increased from 72.7% to 118.9% over the past 5 years.
Debt Coverage: 002531's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 002531's interest payments on its debt are not well covered by EBIT (2.2x coverage).