Solargiga Energy Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Solargiga Energy Holdings has a total shareholder equity of CN¥1.2B and total debt of CN¥1.4B, which brings its debt-to-equity ratio to 120%. Its total assets and total liabilities are CN¥5.7B and CN¥4.5B respectively. Solargiga Energy Holdings's EBIT is CN¥91.0M making its interest coverage ratio 2.5. It has cash and short-term investments of CN¥578.4M.
Key information
120.0%
Debt to equity ratio
CN¥1.43b
Debt
Interest coverage ratio | 2.5x |
Cash | CN¥578.36m |
Equity | CN¥1.19b |
Total liabilities | CN¥4.48b |
Total assets | CN¥5.67b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3FV's short term assets (CN¥4.7B) exceed its short term liabilities (CN¥4.1B).
Long Term Liabilities: 3FV's short term assets (CN¥4.7B) exceed its long term liabilities (CN¥353.3M).
Debt to Equity History and Analysis
Debt Level: 3FV's net debt to equity ratio (71.5%) is considered high.
Reducing Debt: 3FV's debt to equity ratio has reduced from 221.6% to 120% over the past 5 years.
Debt Coverage: 3FV's debt is well covered by operating cash flow (52.8%).
Interest Coverage: 3FV's interest payments on its debt are not well covered by EBIT (2.5x coverage).