CECEP Solar EnergyLtd Balance Sheet Health
Financial Health criteria checks 3/6
CECEP Solar EnergyLtd has a total shareholder equity of CN¥23.8B and total debt of CN¥20.2B, which brings its debt-to-equity ratio to 85%. Its total assets and total liabilities are CN¥48.7B and CN¥24.9B respectively. CECEP Solar EnergyLtd's EBIT is CN¥2.3B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥2.8B.
Key information
85.0%
Debt to equity ratio
CN¥20.22b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥2.78b |
| Equity | CN¥23.78b |
| Total liabilities | CN¥24.91b |
| Total assets | CN¥48.69b |
Recent financial health updates
Is CECEP Solar EnergyLtd (SZSE:000591) A Risky Investment?
Jul 26
Here's Why CECEP Solar EnergyLtd (SZSE:000591) Can Manage Its Debt Responsibly
Mar 22Recent updates
Investors Met With Slowing Returns on Capital At CECEP Solar EnergyLtd (SZSE:000591)
Dec 14What Is CECEP Solar Energy Co.,Ltd.'s (SZSE:000591) Share Price Doing?
Oct 28Investors Aren't Buying CECEP Solar Energy Co.,Ltd.'s (SZSE:000591) Earnings
Oct 13The Returns At CECEP Solar EnergyLtd (SZSE:000591) Aren't Growing
Aug 20Is CECEP Solar EnergyLtd (SZSE:000591) A Risky Investment?
Jul 26Lacklustre Performance Is Driving CECEP Solar Energy Co.,Ltd.'s (SZSE:000591) Low P/E
Jul 03Here's Why CECEP Solar EnergyLtd (SZSE:000591) Can Manage Its Debt Responsibly
Mar 22Take Care Before Diving Into The Deep End On CECEP Solar Energy Co.,Ltd. (SZSE:000591)
Mar 04Financial Position Analysis
Short Term Liabilities: 000591's short term assets (CN¥15.9B) exceed its short term liabilities (CN¥7.0B).
Long Term Liabilities: 000591's short term assets (CN¥15.9B) do not cover its long term liabilities (CN¥17.9B).
Debt to Equity History and Analysis
Debt Level: 000591's net debt to equity ratio (73.3%) is considered high.
Reducing Debt: 000591's debt to equity ratio has reduced from 151% to 85% over the past 5 years.
Debt Coverage: 000591's debt is not well covered by operating cash flow (11.8%).
Interest Coverage: 000591's interest payments on its debt are well covered by EBIT (4.4x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 21:26 |
| End of Day Share Price | 2025/01/08 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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
CECEP Solar Energy Co.,Ltd. is covered by 2 analysts. 1 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 |
|---|---|
| Zhongshu Yin | Everbright Securities Co. Ltd. |
| Xiaoning Liu | SWS Research Co., Ltd. |