Trina Solar Balance Sheet Health
Financial Health criteria checks 3/6
Trina Solar has a total shareholder equity of CN¥34.5B and total debt of CN¥50.5B, which brings its debt-to-equity ratio to 146.6%. Its total assets and total liabilities are CN¥135.5B and CN¥101.1B respectively. Trina Solar's EBIT is CN¥1.8B making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥26.3B.
Key information
146.6%
Debt to equity ratio
CN¥50.52b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥26.33b |
| Equity | CN¥34.46b |
| Total liabilities | CN¥101.07b |
| Total assets | CN¥135.53b |
Recent financial health updates
Is Trina Solar (SHSE:688599) Using Too Much Debt?
Nov 23
Is Trina Solar (SHSE:688599) A Risky Investment?
May 21Recent updates
Investors Could Be Concerned With Trina Solar's (SHSE:688599) Returns On Capital
Dec 15Is Trina Solar (SHSE:688599) Using Too Much Debt?
Nov 23Market Might Still Lack Some Conviction On Trina Solar Co., Ltd. (SHSE:688599) Even After 34% Share Price Boost
Oct 02An Intrinsic Calculation For Trina Solar Co., Ltd. (SHSE:688599) Suggests It's 47% Undervalued
Sep 30Some May Be Optimistic About Trina Solar's (SHSE:688599) Earnings
Sep 06What You Need To Know About The Trina Solar Co., Ltd. (SHSE:688599) Analyst Downgrade Today
Sep 03Are Investors Undervaluing Trina Solar Co., Ltd. (SHSE:688599) By 44%?
Jun 14Is Trina Solar (SHSE:688599) A Risky Investment?
May 21Many Still Looking Away From Trina Solar Co., Ltd. (SHSE:688599)
Apr 23We Ran A Stock Scan For Earnings Growth And Trina Solar (SHSE:688599) Passed With Ease
Apr 05Trina Solar (SHSE:688599) Might Have The Makings Of A Multi-Bagger
Mar 14Financial Position Analysis
Short Term Liabilities: 688599's short term assets (CN¥81.8B) exceed its short term liabilities (CN¥62.1B).
Long Term Liabilities: 688599's short term assets (CN¥81.8B) exceed its long term liabilities (CN¥39.0B).
Debt to Equity History and Analysis
Debt Level: 688599's net debt to equity ratio (70.2%) is considered high.
Reducing Debt: 688599's debt to equity ratio has increased from 73.4% to 146.6% over the past 5 years.
Debt Coverage: 688599's debt is well covered by operating cash flow (34.8%).
Interest Coverage: 688599's interest payments on its debt are not well covered by EBIT (1.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 12:52 |
| End of Day Share Price | 2024/12/20 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Trina Solar Co., Ltd. is covered by 58 analysts. 11 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 |
|---|---|
| Adam Krop | Ardour Capital Investments, LLC |
| Vishal Shah | Barclays |
| Amir Rozwadowski | Barclays |