China Southern Power Grid Energy Efficiency & Clean Energy Balance Sheet Health
Financial Health criteria checks 2/6
China Southern Power Grid Energy Efficiency & Clean Energy has a total shareholder equity of CN¥7.6B and total debt of CN¥8.5B, which brings its debt-to-equity ratio to 111.3%. Its total assets and total liabilities are CN¥19.2B and CN¥11.5B respectively. China Southern Power Grid Energy Efficiency & Clean Energy's EBIT is CN¥674.0M making its interest coverage ratio 3.2. It has cash and short-term investments of CN¥1.2B.
Key information
111.3%
Debt to equity ratio
CN¥8.52b
Debt
Interest coverage ratio | 3.2x |
Cash | CN¥1.17b |
Equity | CN¥7.65b |
Total liabilities | CN¥11.55b |
Total assets | CN¥19.19b |
Recent financial health updates
Recent updates
China Southern Power Grid Energy Efficiency & Clean Energy (SZSE:003035) Use Of Debt Could Be Considered Risky
Aug 16China Southern Power Grid Energy Efficiency & Clean Energy (SZSE:003035) Hasn't Managed To Accelerate Its Returns
Jun 20Slowing Rates Of Return At China Southern Power Grid Energy Efficiency & Clean Energy (SZSE:003035) Leave Little Room For Excitement
Feb 29Financial Position Analysis
Short Term Liabilities: 003035's short term assets (CN¥4.6B) exceed its short term liabilities (CN¥4.0B).
Long Term Liabilities: 003035's short term assets (CN¥4.6B) do not cover its long term liabilities (CN¥7.5B).
Debt to Equity History and Analysis
Debt Level: 003035's net debt to equity ratio (96.1%) is considered high.
Reducing Debt: 003035's debt to equity ratio has increased from 91.9% to 111.3% over the past 5 years.
Debt Coverage: 003035's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 003035's interest payments on its debt are well covered by EBIT (3.2x coverage).