LONGi Green Energy Technology Balance Sheet Health
Financial Health criteria checks 6/6
LONGi Green Energy Technology has a total shareholder equity of CN¥69.0B and total debt of CN¥10.4B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are CN¥156.8B and CN¥87.8B respectively. LONGi Green Energy Technology's EBIT is CN¥11.0B making its interest coverage ratio -1.7. It has cash and short-term investments of CN¥56.1B.
Key information
15.1%
Debt to equity ratio
CN¥10.43b
Debt
| Interest coverage ratio | -1.7x |
| Cash | CN¥56.15b |
| Equity | CN¥68.99b |
| Total liabilities | CN¥87.77b |
| Total assets | CN¥156.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 601012's short term assets (CN¥99.6B) exceed its short term liabilities (CN¥70.4B).
Long Term Liabilities: 601012's short term assets (CN¥99.6B) exceed its long term liabilities (CN¥17.4B).
Debt to Equity History and Analysis
Debt Level: 601012 has more cash than its total debt.
Reducing Debt: 601012's debt to equity ratio has reduced from 41.4% to 15.1% over the past 5 years.
Debt Coverage: 601012's debt is well covered by operating cash flow (180.9%).
Interest Coverage: 601012 earns more interest than it pays, so coverage of interest payments is not a concern.