Trina Solar Balance Sheet Health
Financial Health criteria checks 5/6
Trina Solar has a total shareholder equity of CN¥36.4B and total debt of CN¥35.7B, which brings its debt-to-equity ratio to 98.3%. Its total assets and total liabilities are CN¥128.0B and CN¥91.7B respectively. Trina Solar's EBIT is CN¥7.0B making its interest coverage ratio -7.1. It has cash and short-term investments of CN¥27.1B.
Key information
98.3%
Debt to equity ratio
CN¥35.73b
Debt
Interest coverage ratio | -7.1x |
Cash | CN¥27.07b |
Equity | CN¥36.35b |
Total liabilities | CN¥91.68b |
Total assets | CN¥128.03b |
Financial Position Analysis
Short Term Liabilities: 688599's short term assets (CN¥88.5B) exceed its short term liabilities (CN¥71.4B).
Long Term Liabilities: 688599's short term assets (CN¥88.5B) exceed its long term liabilities (CN¥20.3B).
Debt to Equity History and Analysis
Debt Level: 688599's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 688599's debt to equity ratio has increased from 73.7% to 98.3% over the past 5 years.
Debt Coverage: 688599's debt is well covered by operating cash flow (43.5%).
Interest Coverage: 688599 earns more interest than it pays, so coverage of interest payments is not a concern.