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¥24.7B and total debt of CN¥16.0B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are CN¥45.5B and CN¥20.8B respectively. China Southern Power Grid Energy Storage's EBIT is CN¥1.8B making its interest coverage ratio 4.1. It has cash and short-term investments of CN¥3.7B.
Key information
64.8%
Debt to equity ratio
CN¥15.99b
Debt
Interest coverage ratio | 4.1x |
Cash | CN¥3.70b |
Equity | CN¥24.66b |
Total liabilities | CN¥20.85b |
Total assets | CN¥45.51b |
Recent financial health updates
Is China Southern Power Grid Energy Storage (SHSE:600995) A Risky Investment?
Jul 24Is China Southern Power Grid Energy Storage (SHSE:600995) Using Too Much Debt?
Apr 24Recent updates
Is 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¥5.0B) exceed its short term liabilities (CN¥2.2B).
Long Term Liabilities: 600995's short term assets (CN¥5.0B) do not cover its long term liabilities (CN¥18.7B).
Debt to Equity History and Analysis
Debt Level: 600995's net debt to equity ratio (49.8%) is considered high.
Reducing Debt: 600995's debt to equity ratio has increased from 17.1% to 64.8% over the past 5 years.
Debt Coverage: 600995's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 600995's interest payments on its debt are well covered by EBIT (4.1x coverage).