TCL Zhonghuan Renewable Energy TechnologyLtd Balance Sheet Health
Financial Health criteria checks 3/6
TCL Zhonghuan Renewable Energy TechnologyLtd has a total shareholder equity of CN¥59.3B and total debt of CN¥40.2B, which brings its debt-to-equity ratio to 67.8%. Its total assets and total liabilities are CN¥124.9B and CN¥65.7B respectively. TCL Zhonghuan Renewable Energy TechnologyLtd's EBIT is CN¥3.5B making its interest coverage ratio 8.3. It has cash and short-term investments of CN¥11.0B.
Key information
67.8%
Debt to equity ratio
CN¥40.17b
Debt
| Interest coverage ratio | 8.3x |
| Cash | CN¥11.03b |
| Equity | CN¥59.27b |
| Total liabilities | CN¥65.67b |
| Total assets | CN¥124.93b |
Recent financial health updates
No updates
Recent updates
Downgrade: Here's How Analysts See TCL Zhonghuan Renewable Energy Technology Co.,Ltd. (SZSE:002129) Performing In The Near Term
May 01
Insufficient 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¥34.5B) exceed its short term liabilities (CN¥22.4B).
Long Term Liabilities: 002129's short term assets (CN¥34.5B) do not cover its long term liabilities (CN¥43.2B).
Debt to Equity History and Analysis
Debt Level: 002129's net debt to equity ratio (49.2%) is considered high.
Reducing Debt: 002129's debt to equity ratio has reduced from 104.4% to 67.8% over the past 5 years.
Debt Coverage: 002129's debt is not well covered by operating cash flow (11.1%).
Interest Coverage: 002129's interest payments on its debt are well covered by EBIT (8.3x coverage).