CECEP Solar EnergyLtd Balance Sheet Health
Financial Health criteria checks 3/6
CECEP Solar EnergyLtd has a total shareholder equity of CN¥23.4B and total debt of CN¥18.9B, which brings its debt-to-equity ratio to 81%. Its total assets and total liabilities are CN¥47.1B and CN¥23.7B respectively. CECEP Solar EnergyLtd's EBIT is CN¥2.5B making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥2.8B.
Key information
81.0%
Debt to equity ratio
CN¥18.94b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CN¥2.78b |
| Equity | CN¥23.39b |
| Total liabilities | CN¥23.71b |
| Total assets | CN¥47.10b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 000591's short term assets (CN¥15.5B) exceed its short term liabilities (CN¥6.9B).
Long Term Liabilities: 000591's short term assets (CN¥15.5B) do not cover its long term liabilities (CN¥16.8B).
Debt to Equity History and Analysis
Debt Level: 000591's net debt to equity ratio (69.1%) is considered high.
Reducing Debt: 000591's debt to equity ratio has reduced from 127% to 81% over the past 5 years.
Debt Coverage: 000591's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 000591's interest payments on its debt are well covered by EBIT (4.5x coverage).