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.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/03 19:29 |
| End of Day Share Price | 2025/01/03 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
TCL Zhonghuan Renewable Energy Technology Co.,Ltd. is covered by 30 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 |
|---|---|
| Jian Xiong Lim | CFRA Equity Research |
| Zhijian Chen | Changjiang Securities Co. LTD. |
| Pengwei Hua | Citic Securities Co., Ltd. |