SHENZHEN TOPRAYSOLARLtd Balance Sheet Health
Financial Health criteria checks 5/6
SHENZHEN TOPRAYSOLARLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥1.7B, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are CN¥6.7B and CN¥2.5B respectively. SHENZHEN TOPRAYSOLARLtd's EBIT is CN¥110.1M making its interest coverage ratio -13.4. It has cash and short-term investments of CN¥702.6M.
Key information
40.5%
Debt to equity ratio
CN¥1.70b
Debt
| Interest coverage ratio | -13.4x |
| Cash | CN¥702.56m |
| Equity | CN¥4.20b |
| Total liabilities | CN¥2.46b |
| Total assets | CN¥6.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 002218's short term assets (CN¥2.6B) exceed its short term liabilities (CN¥949.2M).
Long Term Liabilities: 002218's short term assets (CN¥2.6B) exceed its long term liabilities (CN¥1.5B).
Debt to Equity History and Analysis
Debt Level: 002218's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 002218's debt to equity ratio has reduced from 78.1% to 40.5% over the past 5 years.
Debt Coverage: 002218's debt is not well covered by operating cash flow (4.9%).
Interest Coverage: 002218 earns more interest than it pays, so coverage of interest payments is not a concern.