CECEP Solar EnergyLtd Balance Sheet Health
Financial Health criteria checks 3/6
CECEP Solar EnergyLtd has a total shareholder equity of CN¥23.3B and total debt of CN¥19.3B, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are CN¥48.0B and CN¥24.7B respectively. CECEP Solar EnergyLtd's EBIT is CN¥2.4B making its interest coverage ratio 4.5. It has cash and short-term investments of CN¥2.6B.
Key information
82.7%
Debt to equity ratio
CN¥19.27b
Debt
| Interest coverage ratio | 4.5x |
| Cash | CN¥2.61b |
| Equity | CN¥23.30b |
| Total liabilities | CN¥24.74b |
| Total assets | CN¥48.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 000591's short term assets (CN¥15.9B) exceed its short term liabilities (CN¥7.5B).
Long Term Liabilities: 000591's short term assets (CN¥15.9B) do not cover its long term liabilities (CN¥17.2B).
Debt to Equity History and Analysis
Debt Level: 000591's net debt to equity ratio (71.5%) is considered high.
Reducing Debt: 000591's debt to equity ratio has reduced from 143.5% to 82.7% over the past 5 years.
Debt Coverage: 000591's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 000591's interest payments on its debt are well covered by EBIT (4.5x coverage).