Solargiga Energy Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Solargiga Energy Holdings has a total shareholder equity of CN¥1.2B and total debt of CN¥1.2B, which brings its debt-to-equity ratio to 100.9%. Its total assets and total liabilities are CN¥6.3B and CN¥5.1B respectively.
Key information
100.9%
Debt to equity ratio
CN¥1.19b
Debt
Interest coverage ratio | n/a |
Cash | CN¥600.44m |
Equity | CN¥1.18b |
Total liabilities | CN¥5.11b |
Total assets | CN¥6.29b |
Recent financial health updates
Is Solargiga Energy Holdings (HKG:757) Weighed On By Its Debt Load?
Jun 16Is Solargiga Energy Holdings (HKG:757) A Risky Investment?
Nov 05We Think Solargiga Energy Holdings (HKG:757) Is Taking Some Risk With Its Debt
May 25Recent updates
Is Solargiga Energy Holdings (HKG:757) Weighed On By Its Debt Load?
Jun 16Returns On Capital Are A Standout For Solargiga Energy Holdings (HKG:757)
Oct 19The Strong Earnings Posted By Solargiga Energy Holdings (HKG:757) Are A Good Indication Of The Strength Of The Business
May 09Is Solargiga Energy Holdings (HKG:757) A Risky Investment?
Nov 05We Think Solargiga Energy Holdings (HKG:757) Is Taking Some Risk With Its Debt
May 25Tan Hung Sze Just Bought 2.2% More Shares In Solargiga Energy Holdings Limited (HKG:757)
Feb 27Is Solargiga Energy Holdings Limited's (HKG:757) Shareholder Ownership Skewed Towards Insiders?
Jan 19Read This Before Selling Solargiga Energy Holdings Limited (HKG:757) Shares
Dec 14Shareholders Are Thrilled That The Solargiga Energy Holdings (HKG:757) Share Price Increased 177%
Nov 18Financial Position Analysis
Short Term Liabilities: 757's short term assets (CN¥5.3B) exceed its short term liabilities (CN¥4.7B).
Long Term Liabilities: 757's short term assets (CN¥5.3B) exceed its long term liabilities (CN¥382.7M).
Debt to Equity History and Analysis
Debt Level: 757's net debt to equity ratio (50%) is considered high.
Reducing Debt: 757's debt to equity ratio has reduced from 218.7% to 100.9% 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: Whilst unprofitable 757 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 757 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.7% per year.