Debt structure leading solar companies Q3

11 December 2011

In US $

in red bottom, in green top
 

  Total cash Q2 (000)  Total cash Q3 (000)  Cash mgmt. last period   Interest payment Q3 (000)   % of total cash to interest expense Q3   Short term debt plus current portion of long term debt   Bond current    Long term debt   long/ medium term notes   Total debt   Interest expense year  % Interest expense coverage by total cash   average % Interest rate per year   % Total cash to debt  Short term debt to cash ratio
Gintech     68,160   33,761 -50.5      304 0.90     168,144        96,321      264,465     1,216 3.6 0.46 12.8  4.98
Suntech    767,900  567,700 -26.1   37,700 6.64  1,582,600      211,500  572,200  2,366,300  150,800 26.6 6.37 24.0  2.79
LDK  1,151,780  868,144 -24.6   50,732 5.84  2,353,745      981,068  280,337 3,615,150  202,928 23.4 5.61 24.0  2.71
GET    111,166  126,675 14.0     1,045 0.83    274,898   16,508   234,682      526,087      4,180 3.3 0.79 24.1  2.17
Yingli  1,092,813  929,174 -15.0  24,526 2.64  1,336,649   18,520    431,656  377,083  2,163,908    98,104 10.6 4.53 42.9  1.44
Daqo    147,511    66,755 -54.7    2,777 4.16      94,482        63,124       157,606    11,108 16.6 7.05 42.4  1.42
Jinko     208,130  150,834 -27.5     7,764 5.15     194,009 160,547     47,781   62,895     465,232    31,056 20.6 6.68 32.4  1.29
Canadian     686,295  621,108 -9.5  10,795 1.74     794,809     153,590        939     949,338    43,180 7.0 4.55 65.4  1.28
Renesola     480,814  450,279 -6.4   10,018 2.22    523,530      167,830  130,800     822,160    40,072 8.9 4.87 54.8  1.16
Sunergy    223,418  288,592 29.2    6,969 2.41    277,269        92,106    27,500 396,875    27,876 9.7 7.02 72.7 0.96
Hanwha     257,004  322,264 25.4    7,406 2.30    263,982   96,790    222,639    79,287     662,698    29,624 9.2 4.47 48.6  0.82
Motech    183,419  169,923 -7.4     1,199 0.71       96,984      220,888       317,873      4,798 2.8 1.51 53.5  0.57
Trina    684,238  733,111 7.1  10,141 1.38    411,463      458,046  137,680  1,007,189    40,564 5.5 4.03 72.8  0.56
NSP     181,290  206,393 13.8       181 0.09    110,358       48,872       159,230         726 0.4 0.46 129.6  0.53
REC       53,847    87,024 61.6   13,549 15.57       26,750      982,447    1,009,197    54,194 62.3 5.37 8.6  0.31
MEMC    690,000  900,400 30.5   32,800 3.64     204,600    1,728,900    1,933,500  131,200 14.6 6.79 46.6  0.23
Ja Solar    640,006  518,876 -18.9   18,117 3.49       56,408       596,538  197,010     849,956    72,468 14.0 8.53 61.0   0.11
Q-Cells    226,910  308,303 35.9     7,407 2.40      20,081 278,450    261,448  438,157    998,135   29,630 9.6 2.97 30.9  0.07
First Solar    357,477  678,560 89.8           -   0.00      25,597      582,744       608,341           -   0.0 0.00 111.5  0.04
SolarWorld     494,041 691,173 39.9   21,943 3.17          1,713,536   87,771 12.7 5.12 40.3      -  
Sunpower     350,512  601,072 71.5     8,875 1.48        355,001  612,638    967,639    35,500 5.9 3.67 62.1      -