Zhejiang Sunoren Solar TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
Zhejiang Sunoren Solar TechnologyLtd has a total shareholder equity of CN¥2.1B and total debt of CN¥2.0B, which brings its debt-to-equity ratio to 92.8%. Its total assets and total liabilities are CN¥4.3B and CN¥2.2B respectively. Zhejiang Sunoren Solar TechnologyLtd's EBIT is CN¥316.0M making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥607.9M.
Key information
92.8%
Debt to equity ratio
CN¥1.95b
Debt
| Interest coverage ratio | 4.1x |
| Cash | CN¥607.94m |
| Equity | CN¥2.10b |
| Total liabilities | CN¥2.23b |
| Total assets | CN¥4.34b |
Recent financial health updates
Recent updates
We Think Zhejiang Sunoren Solar TechnologyLtd (SHSE:603105) Is Taking Some Risk With Its Debt
Jun 09
We 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¥903.9M) exceed its short term liabilities (CN¥557.8M).
Long Term Liabilities: 603105's short term assets (CN¥903.9M) do not cover its long term liabilities (CN¥1.7B).
Debt to Equity History and Analysis
Debt Level: 603105's net debt to equity ratio (63.9%) is considered high.
Reducing Debt: 603105's debt to equity ratio has increased from 46.2% to 92.8% over the past 5 years.
Debt Coverage: 603105's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: 603105's interest payments on its debt are well covered by EBIT (4.1x coverage).