China Southern Power Grid Energy Efficiency & Clean Energy Balance Sheet Health
Financial Health criteria checks 3/6
China Southern Power Grid Energy Efficiency & Clean Energy has a total shareholder equity of CN¥7.2B and total debt of CN¥7.5B, which brings its debt-to-equity ratio to 103.5%. Its total assets and total liabilities are CN¥16.9B and CN¥9.7B respectively. China Southern Power Grid Energy Efficiency & Clean Energy's EBIT is CN¥815.9M making its interest coverage ratio 6.7. It has cash and short-term investments of CN¥556.8M.
Key information
103.5%
Debt to equity ratio
CN¥7.48b
Debt
Interest coverage ratio | 6.7x |
Cash | CN¥556.79m |
Equity | CN¥7.23b |
Total liabilities | CN¥9.68b |
Total assets | CN¥16.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 003035's short term assets (CN¥3.7B) exceed its short term liabilities (CN¥3.4B).
Long Term Liabilities: 003035's short term assets (CN¥3.7B) do not cover its long term liabilities (CN¥6.3B).
Debt to Equity History and Analysis
Debt Level: 003035's net debt to equity ratio (95.8%) is considered high.
Reducing Debt: 003035's debt to equity ratio has reduced from 114.1% to 103.5% over the past 5 years.
Debt Coverage: 003035's debt is not well covered by operating cash flow (11%).
Interest Coverage: 003035's interest payments on its debt are well covered by EBIT (6.7x coverage).