China Southern Power Grid Energy Storage Balance Sheet Health
Financial Health criteria checks 2/6
China Southern Power Grid Energy Storage has a total shareholder equity of CN¥24.6B and total debt of CN¥18.1B, which brings its debt-to-equity ratio to 73.6%. Its total assets and total liabilities are CN¥46.6B and CN¥22.0B respectively. China Southern Power Grid Energy Storage's EBIT is CN¥1.9B making its interest coverage ratio 4.4. It has cash and short-term investments of CN¥3.9B.
Key information
73.6%
Debt to equity ratio
CN¥18.14b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥3.91b |
| Equity | CN¥24.63b |
| Total liabilities | CN¥21.96b |
| Total assets | CN¥46.58b |
Recent financial health updates
Is China Southern Power Grid Energy Storage (SHSE:600995) A Risky Investment?
Jul 24
Is China Southern Power Grid Energy Storage (SHSE:600995) Using Too Much Debt?
Apr 24Recent updates
Investors Could Be Concerned With China Southern Power Grid Energy Storage's (SHSE:600995) Returns On Capital
Sep 29China Southern Power Grid Energy Storage Co., Ltd.'s (SHSE:600995) Shareholders Might Be Looking For Exit
Sep 06Is China Southern Power Grid Energy Storage (SHSE:600995) A Risky Investment?
Jul 24Be Wary Of China Southern Power Grid Energy Storage (SHSE:600995) And Its Returns On Capital
Jun 11Earnings Not Telling The Story For China Southern Power Grid Energy Storage Co., Ltd. (SHSE:600995)
May 21Is China Southern Power Grid Energy Storage (SHSE:600995) Using Too Much Debt?
Apr 24China Southern Power Grid Energy Storage (SHSE:600995) Could Be Struggling To Allocate Capital
Feb 28Financial Position Analysis
Short Term Liabilities: 600995's short term assets (CN¥5.2B) exceed its short term liabilities (CN¥1.9B).
Long Term Liabilities: 600995's short term assets (CN¥5.2B) do not cover its long term liabilities (CN¥20.1B).
Debt to Equity History and Analysis
Debt Level: 600995's net debt to equity ratio (57.8%) is considered high.
Reducing Debt: 600995's debt to equity ratio has increased from 16.7% to 73.6% over the past 5 years.
Debt Coverage: 600995's debt is not well covered by operating cash flow (18.8%).
Interest Coverage: 600995's interest payments on its debt are well covered by EBIT (4.4x coverage).