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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 02:41 |
| End of Day Share Price | 2024/12/24 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
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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
SHENZHEN TOPRAYSOLAR Co.,Ltd. is covered by 9 analysts. 0 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 |
|---|---|
| Liusheng Wang | China Merchants Securities Co. Ltd. |
| Li Wang | Dongxing Securities Company Limited |
| Qiang Guo | First Capital Securities Co. LTD. |