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 45.6%. Its total assets and total liabilities are CN¥6.9B and CN¥2.7B respectively. SHENZHEN TOPRAYSOLARLtd's EBIT is CN¥61.2M making its interest coverage ratio 1.4. It has cash and short-term investments of CN¥816.6M.
Key information
45.6%
Debt to equity ratio
CN¥1.92b
Debt
| Interest coverage ratio | 1.4x |
| Cash | CN¥816.57m |
| Equity | CN¥4.20b |
| Total liabilities | CN¥2.69b |
| Total assets | CN¥6.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 002218's short term assets (CN¥2.7B) exceed its short term liabilities (CN¥738.9M).
Long Term Liabilities: 002218's short term assets (CN¥2.7B) exceed its long term liabilities (CN¥2.0B).
Debt to Equity History and Analysis
Debt Level: 002218's net debt to equity ratio (26.2%) is considered satisfactory.
Reducing Debt: 002218's debt to equity ratio has reduced from 66.5% to 45.6% over the past 5 years.
Debt Coverage: 002218's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: 002218's interest payments on its debt are not well covered by EBIT (1.4x coverage).