Solargiga Energy Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Solargiga Energy Holdings has a total shareholder equity of CN¥1.1B and total debt of CN¥1.1B, which brings its debt-to-equity ratio to 99.4%. Its total assets and total liabilities are CN¥4.7B and CN¥3.6B respectively.
Key information
99.4%
Debt to equity ratio
CN¥1.08b
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥198.67m |
| Equity | CN¥1.09b |
| Total liabilities | CN¥3.61b |
| Total assets | CN¥4.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3FV's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥3.3B).
Long Term Liabilities: 3FV's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥304.4M).
Debt to Equity History and Analysis
Debt Level: 3FV's net debt to equity ratio (81.1%) is considered high.
Reducing Debt: 3FV's debt to equity ratio has reduced from 301.6% to 99.4% 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: 3FV has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 3FV has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.4% each year