Zhejiang Sunoren Solar TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Sunoren Solar TechnologyLtd has a total shareholder equity of CN¥2.2B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 86.1%. Its total assets and total liabilities are CN¥4.4B and CN¥2.2B respectively. Zhejiang Sunoren Solar TechnologyLtd's EBIT is CN¥337.7M making its interest coverage ratio 3.7. It has cash and short-term investments of CN¥431.9M.
Key information
86.1%
Debt to equity ratio
CN¥1.88b
Debt
| Interest coverage ratio | 3.7x |
| Cash | CN¥431.90m |
| Equity | CN¥2.18b |
| Total liabilities | CN¥2.17b |
| Total assets | CN¥4.35b |
Recent financial health updates
Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105) Has A Somewhat Strained Balance Sheet
Sep 30
We Think Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105) Is Taking Some Risk With Its Debt
Jun 09Recent updates
Zhejiang Sunoren Solar TechnologyLtd's (SHSE:603105) Returns On Capital Are Heading Higher
Nov 18Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105) Has A Somewhat Strained Balance Sheet
Sep 30Zhejiang Sunoren Solar Technology Co.,Ltd. (SHSE:603105) Looks Inexpensive After Falling 25% But Perhaps Not Attractive Enough
Jul 17We Think Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105) Is Taking Some Risk With Its Debt
Jun 09We Like These Underlying Return On Capital Trends At Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105)
May 21Zhejiang Sunoren Solar Technology Co.,Ltd. (SHSE:603105) Analysts Are Reducing Their Forecasts For This Year
Apr 02Investors Still Aren't Entirely Convinced By Zhejiang Sunoren Solar Technology Co.,Ltd.'s (SHSE:603105) Earnings Despite 29% Price Jump
Mar 06Financial Position Analysis
Short Term Liabilities: 603105's short term assets (CN¥814.9M) exceed its short term liabilities (CN¥574.3M).
Long Term Liabilities: 603105's short term assets (CN¥814.9M) do not cover its long term liabilities (CN¥1.6B).
Debt to Equity History and Analysis
Debt Level: 603105's net debt to equity ratio (66.3%) is considered high.
Reducing Debt: 603105's debt to equity ratio has increased from 57.2% to 86.1% over the past 5 years.
Debt Coverage: 603105's debt is not well covered by operating cash flow (19.8%).
Interest Coverage: 603105's interest payments on its debt are well covered by EBIT (3.7x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 04:26 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Sunoren Solar Technology Co.,Ltd. is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Zun Zhu | China International Capital Corporation Limited |
| Xiujie Huang | Guosen Securities Co., Ltd. |
| Yi Cai | Industrial Securities Co. Ltd. |