SHENZHEN TOPRAYSOLARLtd Balance Sheet Health
Financial Health criteria checks 4/6
SHENZHEN TOPRAYSOLARLtd has a total shareholder equity of CN¥4.2B and total debt of CN¥1.9B, which brings its debt-to-equity ratio to 45.1%. Its total assets and total liabilities are CN¥6.9B and CN¥2.7B respectively. SHENZHEN TOPRAYSOLARLtd's EBIT is CN¥75.3M making its interest coverage ratio 1.8. It has cash and short-term investments of CN¥769.9M.
Key information
45.1%
Debt to equity ratio
CN¥1.90b
Debt
| Interest coverage ratio | 1.8x |
| Cash | CN¥769.93m |
| Equity | CN¥4.22b |
| Total liabilities | CN¥2.67b |
| Total assets | CN¥6.89b |
Recent financial health updates
Here's Why SHENZHEN TOPRAYSOLARLtd (SZSE:002218) Has A Meaningful Debt Burden
Sep 28
Is SHENZHEN TOPRAYSOLARLtd (SZSE:002218) A Risky Investment?
Jun 26Recent updates
Here's Why SHENZHEN TOPRAYSOLARLtd (SZSE:002218) Has A Meaningful Debt Burden
Sep 28SHENZHEN TOPRAYSOLAR Co.,Ltd. (SZSE:002218) Shares Fly 26% But Investors Aren't Buying For Growth
Sep 27SHENZHEN TOPRAYSOLARLtd (SZSE:002218) Has Announced That Its Dividend Will Be Reduced To CN¥0.02
Jul 05Is SHENZHEN TOPRAYSOLARLtd (SZSE:002218) A Risky Investment?
Jun 26SHENZHEN TOPRAYSOLAR Co.,Ltd.'s (SZSE:002218) 26% Price Boost Is Out Of Tune With Revenues
May 26There May Be Some Bright Spots In SHENZHEN TOPRAYSOLARLtd's (SZSE:002218) Earnings
May 06SHENZHEN TOPRAYSOLAR Co.,Ltd. (SZSE:002218) Shares Fly 29% But Investors Aren't Buying For Growth
Mar 06Financial Position Analysis
Short Term Liabilities: 002218's short term assets (CN¥2.8B) exceed its short term liabilities (CN¥875.2M).
Long Term Liabilities: 002218's short term assets (CN¥2.8B) exceed its long term liabilities (CN¥1.8B).
Debt to Equity History and Analysis
Debt Level: 002218's net debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: 002218's debt to equity ratio has reduced from 65.2% to 45.1% over the past 5 years.
Debt Coverage: 002218's debt is not well covered by operating cash flow (4.5%).
Interest Coverage: 002218's interest payments on its debt are not well covered by EBIT (1.8x coverage).