China Southern Power Grid Energy Storage Balance Sheet Health
Financial Health criteria checks 3/6
China Southern Power Grid Energy Storage has a total shareholder equity of CN¥24.3B and total debt of CN¥14.8B, which brings its debt-to-equity ratio to 60.8%. Its total assets and total liabilities are CN¥44.5B and CN¥20.2B 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¥4.0B.
Key information
60.8%
Debt to equity ratio
CN¥14.76b
Debt
| Interest coverage ratio | 4.4x |
| Cash | CN¥4.03b |
| Equity | CN¥24.28b |
| Total liabilities | CN¥20.20b |
| Total assets | CN¥44.49b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 600995's short term assets (CN¥5.1B) exceed its short term liabilities (CN¥4.4B).
Long Term Liabilities: 600995's short term assets (CN¥5.1B) do not cover its long term liabilities (CN¥15.8B).
Debt to Equity History and Analysis
Debt Level: 600995's net debt to equity ratio (44.2%) is considered high.
Reducing Debt: 600995's debt to equity ratio has increased from 19.6% to 60.8% over the past 5 years.
Debt Coverage: 600995's debt is well covered by operating cash flow (24.1%).
Interest Coverage: 600995's interest payments on its debt are well covered by EBIT (4.4x coverage).