TCL Zhonghuan Renewable Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 2/6
TCL Zhonghuan Renewable Energy TechnologyLtd has a total shareholder equity of CN¥52.5B and total debt of CN¥47.7B, which brings its debt-to-equity ratio to 90.8%. Its total assets and total liabilities are CN¥129.9B and CN¥77.4B respectively.
Key information
90.8%
Debt to equity ratio
CN¥47.66b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥16.85b |
| Equity | CN¥52.51b |
| Total liabilities | CN¥77.38b |
| Total assets | CN¥129.88b |
Recent financial health updates
Is TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) A Risky Investment?
Oct 28
TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) Seems To Be Using A Lot Of Debt
Jun 08Recent updates
Is TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) A Risky Investment?
Oct 28Improved Revenues Required Before TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (SZSE:002129) Stock's 26% Jump Looks Justified
Oct 01TCL Zhonghuan Renewable Energy Technology Co.,Ltd.'s (SZSE:002129) Share Price Is Matching Sentiment Around Its Revenues
Aug 01Returns On Capital At TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) Have Stalled
Jun 26TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129) Seems To Be Using A Lot Of Debt
Jun 08There May Be Some Bright Spots In TCL Zhonghuan Renewable Energy TechnologyLtd's (SZSE:002129) Earnings
May 02Downgrade: Here's How Analysts See TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (SZSE:002129) Performing In The Near Term
May 01Insufficient Growth At TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (SZSE:002129) Hampers Share Price
Apr 04Returns On Capital Are Showing Encouraging Signs At TCL Zhonghuan Renewable Energy TechnologyLtd (SZSE:002129)
Feb 27Financial Position Analysis
Short Term Liabilities: 002129's short term assets (CN¥37.4B) exceed its short term liabilities (CN¥27.3B).
Long Term Liabilities: 002129's short term assets (CN¥37.4B) do not cover its long term liabilities (CN¥50.1B).
Debt to Equity History and Analysis
Debt Level: 002129's net debt to equity ratio (58.7%) is considered high.
Reducing Debt: 002129's debt to equity ratio has reduced from 100.9% to 90.8% over the past 5 years.
Debt Coverage: 002129's debt is not well covered by operating cash flow (8.7%).
Interest Coverage: Insufficient data to determine if 002129's interest payments on its debt are well covered by EBIT.