Solaer Renewable Energies Balance Sheet Health
Financial Health criteria checks 3/6
Solaer Renewable Energies has a total shareholder equity of ₪244.3M and total debt of ₪840.2M, which brings its debt-to-equity ratio to 343.8%. Its total assets and total liabilities are ₪1.3B and ₪1.1B respectively.
Key information
343.8%
Debt to equity ratio
₪840.16m
Debt
| Interest coverage ratio | n/a |
| Cash | ₪140.75m |
| Equity | ₪244.34m |
| Total liabilities | ₪1.08b |
| Total assets | ₪1.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: SOLR's short term assets (₪301.5M) exceed its short term liabilities (₪111.6M).
Long Term Liabilities: SOLR's short term assets (₪301.5M) do not cover its long term liabilities (₪968.5M).
Debt to Equity History and Analysis
Debt Level: SOLR's net debt to equity ratio (286.2%) is considered high.
Reducing Debt: SOLR's debt to equity ratio has reduced from 448.7% to 343.8% 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: SOLR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: SOLR has less than a year of cash runway if free cash flow continues to reduce at historical rates of 0.1% each year