Trina Solar Balance Sheet Health
Financial Health criteria checks 4/6
Trina Solar has a total shareholder equity of CN¥36.1B and total debt of CN¥46.8B, which brings its debt-to-equity ratio to 129.7%. Its total assets and total liabilities are CN¥140.7B and CN¥104.6B respectively. Trina Solar's EBIT is CN¥4.7B making its interest coverage ratio 5.4. It has cash and short-term investments of CN¥24.0B.
Key information
129.7%
Debt to equity ratio
CN¥46.84b
Debt
| Interest coverage ratio | 5.4x |
| Cash | CN¥23.97b |
| Equity | CN¥36.11b |
| Total liabilities | CN¥104.62b |
| Total assets | CN¥140.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 688599's short term assets (CN¥86.3B) exceed its short term liabilities (CN¥67.5B).
Long Term Liabilities: 688599's short term assets (CN¥86.3B) exceed its long term liabilities (CN¥37.2B).
Debt to Equity History and Analysis
Debt Level: 688599's net debt to equity ratio (63.3%) is considered high.
Reducing Debt: 688599's debt to equity ratio has increased from 73.5% to 129.7% over the past 5 years.
Debt Coverage: 688599's debt is well covered by operating cash flow (44.9%).
Interest Coverage: 688599's interest payments on its debt are well covered by EBIT (5.4x coverage).