China Southern Power Grid TechnologyLtd Balance Sheet Health
Financial Health criteria checks 6/6
China Southern Power Grid TechnologyLtd has a total shareholder equity of CN¥2.9B and total debt of CN¥30.5M, which brings its debt-to-equity ratio to 1.1%. Its total assets and total liabilities are CN¥4.4B and CN¥1.6B respectively. China Southern Power Grid TechnologyLtd's EBIT is CN¥278.2M making its interest coverage ratio -7.5. It has cash and short-term investments of CN¥2.3B.
Key information
1.1%
Debt to equity ratio
CN¥30.53m
Debt
| Interest coverage ratio | -7.5x |
| Cash | CN¥2.27b |
| Equity | CN¥2.86b |
| Total liabilities | CN¥1.58b |
| Total assets | CN¥4.44b |
Recent financial health updates
Recent updates
China Southern Power Grid TechnologyLtd's (SHSE:688248) Solid Earnings Have Been Accounted For Conservatively
Apr 05
The Consensus EPS Estimates For China Southern Power Grid Technology Co.,Ltd (SHSE:688248) Just Fell Dramatically
Apr 03China Southern Power Grid Technology Co.,Ltd Recorded A 38% Miss On Revenue: Analysts Are Revisiting Their Models
Apr 02China Southern Power Grid TechnologyLtd (SHSE:688248) Could Easily Take On More Debt
Mar 28Investors Appear Satisfied With China Southern Power Grid Technology Co.,Ltd's (SHSE:688248) Prospects As Shares Rocket 26%
Feb 29Financial Position Analysis
Short Term Liabilities: 688248's short term assets (CN¥3.8B) exceed its short term liabilities (CN¥1.4B).
Long Term Liabilities: 688248's short term assets (CN¥3.8B) exceed its long term liabilities (CN¥151.9M).
Debt to Equity History and Analysis
Debt Level: 688248 has more cash than its total debt.
Reducing Debt: 688248's debt to equity ratio has reduced from 16.6% to 1.1% over the past 5 years.
Debt Coverage: 688248's debt is well covered by operating cash flow (1636.7%).
Interest Coverage: 688248 earns more interest than it pays, so coverage of interest payments is not a concern.