Shenzhen Energy Group Balance Sheet Health
Financial Health criteria checks 2/6
Shenzhen Energy Group has a total shareholder equity of CN¥57.3B and total debt of CN¥84.0B, which brings its debt-to-equity ratio to 146.7%. Its total assets and total liabilities are CN¥162.1B and CN¥104.9B respectively. Shenzhen Energy Group's EBIT is CN¥6.7B making its interest coverage ratio 4.8. It has cash and short-term investments of CN¥21.8B.
Key information
146.7%
Debt to equity ratio
CN¥83.99b
Debt
Interest coverage ratio | 4.8x |
Cash | CN¥21.76b |
Equity | CN¥57.26b |
Total liabilities | CN¥104.88b |
Total assets | CN¥162.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 000027's short term assets (CN¥41.0B) exceed its short term liabilities (CN¥35.8B).
Long Term Liabilities: 000027's short term assets (CN¥41.0B) do not cover its long term liabilities (CN¥69.0B).
Debt to Equity History and Analysis
Debt Level: 000027's net debt to equity ratio (108.7%) is considered high.
Reducing Debt: 000027's debt to equity ratio has increased from 145.3% to 146.7% over the past 5 years.
Debt Coverage: 000027's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 000027's interest payments on its debt are well covered by EBIT (4.8x coverage).