Tunghsu Azure Renewable EnergyLtd Balance Sheet Health
Financial Health criteria checks 4/6
Tunghsu Azure Renewable EnergyLtd has a total shareholder equity of CN¥11.3B and total debt of CN¥7.8B, which brings its debt-to-equity ratio to 68.6%. Its total assets and total liabilities are CN¥24.5B and CN¥13.2B respectively.
Key information
68.6%
Debt to equity ratio
CN¥7.76b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥3.19b |
| Equity | CN¥11.31b |
| Total liabilities | CN¥13.17b |
| Total assets | CN¥24.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000040's short term assets (CN¥11.8B) exceed its short term liabilities (CN¥9.1B).
Long Term Liabilities: 000040's short term assets (CN¥11.8B) exceed its long term liabilities (CN¥4.1B).
Debt to Equity History and Analysis
Debt Level: 000040's net debt to equity ratio (40.4%) is considered high.
Reducing Debt: 000040's debt to equity ratio has increased from 51.3% to 68.6% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 000040 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 000040 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 57.6% per year.